Citigroup Inc. Grows Holdings in Amphenol Co. (NYSE:APH)

Citigroup Inc. boosted its position in Amphenol Co. (NYSE:APHFree Report) by 4.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 551,044 shares of the electronics maker’s stock after buying an additional 25,975 shares during the period. Citigroup Inc.’s holdings in Amphenol were worth $46,282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV boosted its position in Amphenol by 6.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,217 shares of the electronics maker’s stock valued at $186,000 after buying an additional 126 shares during the last quarter. Welch & Forbes LLC boosted its position in Amphenol by 1.5% in the third quarter. Welch & Forbes LLC now owns 8,773 shares of the electronics maker’s stock valued at $737,000 after buying an additional 126 shares during the last quarter. Mutual Advisors LLC boosted its position in Amphenol by 4.5% in the second quarter. Mutual Advisors LLC now owns 3,008 shares of the electronics maker’s stock valued at $256,000 after buying an additional 129 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Amphenol by 4.4% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,055 shares of the electronics maker’s stock valued at $257,000 after acquiring an additional 130 shares during the period. Finally, Ronald Blue Trust Inc. lifted its holdings in Amphenol by 1.8% in the third quarter. Ronald Blue Trust Inc. now owns 7,626 shares of the electronics maker’s stock valued at $648,000 after acquiring an additional 136 shares during the period. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on APH. The Goldman Sachs Group boosted their price target on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Truist Financial boosted their price target on Amphenol from $97.00 to $109.00 and gave the company a “buy” rating in a report on Friday, December 15th. Stifel Nicolaus boosted their price target on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Citigroup began coverage on Amphenol in a report on Friday, January 5th. They issued a “buy” rating and a $117.00 price target for the company. Finally, Robert W. Baird boosted their price target on Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.11.

Get Our Latest Analysis on APH

Amphenol Trading Up 0.4 %

Shares of APH stock opened at $105.29 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. The company has a market cap of $63.16 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 3.07 and a beta of 1.30. The stock has a 50 day simple moving average of $98.15 and a 200-day simple moving average of $90.11. Amphenol Co. has a 1-year low of $72.00 and a 1-year high of $105.41.

Amphenol (NYSE:APHGet Free Report) last posted its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the company earned $0.78 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts expect that Amphenol Co. will post 3.26 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Monday, March 18th. Amphenol’s dividend payout ratio is currently 28.30%.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 75,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $89.51, for a total value of $6,713,250.00. Following the completion of the transaction, the vice president now directly owns 7,000 shares of the company’s stock, valued at approximately $626,570. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Amphenol news, VP David M. Silverman sold 75,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $89.51, for a total value of $6,713,250.00. Following the completion of the sale, the vice president now directly owns 7,000 shares in the company, valued at approximately $626,570. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 360,000 shares of company stock valued at $36,346,500. 2.22% of the stock is owned by insiders.

Amphenol Company Profile

(Free Report)

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

Further Reading

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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