Amphenol Co. (NYSE:APH) Shares Acquired by Wendell David Associates Inc.

Wendell David Associates Inc. raised its holdings in shares of Amphenol Co. (NYSE:APH) by 59.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 23,330 shares of the electronics maker’s stock after buying an additional 8,700 shares during the period. Wendell David Associates Inc.’s holdings in Amphenol were worth $1,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in shares of Amphenol by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 292,194 shares of the electronics maker’s stock worth $20,293,000 after buying an additional 4,956 shares during the last quarter. Advisory Alpha LLC raised its stake in shares of Amphenol by 14.6% in the 4th quarter. Advisory Alpha LLC now owns 11,628 shares of the electronics maker’s stock valued at $808,000 after purchasing an additional 1,478 shares in the last quarter. Dakota Wealth Management lifted its position in shares of Amphenol by 2.2% during the fourth quarter. Dakota Wealth Management now owns 39,923 shares of the electronics maker’s stock worth $2,773,000 after purchasing an additional 874 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Amphenol by 3.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 539,796 shares of the electronics maker’s stock worth $37,578,000 after purchasing an additional 16,847 shares in the last quarter. Finally, Genesis Private Wealth LLC bought a new stake in Amphenol in the fourth quarter valued at about $343,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APH has been the subject of several research reports. TD Cowen lifted their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Evercore ISI boosted their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Citigroup raised their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Bank of America boosted their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Truist Financial raised their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.79.

Amphenol Trading Up 7.0 %

Shares of APH stock opened at $77.84 on Thursday. Amphenol Co. has a 1 year low of $48.52 and a 1 year high of $78.25. The firm has a market capitalization of $93.84 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The stock has a fifty day moving average of $71.75 and a two-hundred day moving average of $67.79. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4,051,810 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. Amphenol’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. As a group, research analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.85%. Amphenol’s dividend payout ratio (DPR) is 37.93%.

Insider Activity

In related news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the sale, the vice president now directly owns 14,000 shares in the company, valued at $963,760. The trade was a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now owns 218,116 shares of the company’s stock, valued at $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by company insiders.

Amphenol Profile

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.