Cabot Wealth Management Inc. Has $8.09 Million Stock Position in Amphenol Co. (NYSE:APH)

Cabot Wealth Management Inc. boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 2.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 124,111 shares of the electronics maker’s stock after buying an additional 2,631 shares during the period. Cabot Wealth Management Inc.’s holdings in Amphenol were worth $8,087,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of APH. Fisher Asset Management LLC acquired a new position in Amphenol during the fourth quarter valued at $789,000. Trust Co. of Vermont grew its stake in Amphenol by 10.5% in the fourth quarter. Trust Co. of Vermont now owns 2,256 shares of the electronics maker’s stock valued at $224,000 after purchasing an additional 214 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Amphenol in the fourth quarter valued at about $1,399,000. HighPoint Advisor Group LLC purchased a new position in Amphenol in the fourth quarter valued at about $753,000. Finally, CWM LLC grew its stake in Amphenol by 57.7% in the first quarter. CWM LLC now owns 23,513 shares of the electronics maker’s stock valued at $2,712,000 after purchasing an additional 8,602 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Luc Walter sold 170,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.10, for a total value of $10,897,000.00. Following the completion of the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock valued at $98,236,640 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

NYSE:APH traded down $1.68 during mid-day trading on Tuesday, hitting $65.70. 15,031,303 shares of the company’s stock traded hands, compared to its average volume of 6,549,030. The firm has a 50 day moving average of $64.31 and a two-hundred day moving average of $64.05. Amphenol Co. has a 12 month low of $39.34 and a 12 month high of $70.84. The firm has a market capitalization of $78.92 billion, a price-to-earnings ratio of 41.34, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS. On average, equities analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th were issued a $0.165 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.00%. Amphenol’s dividend payout ratio (DPR) is 40.49%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Vertical Research assumed coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. UBS Group boosted their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird decreased their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Bank of America decreased their price target on Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Truist Financial upped their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Five research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.50.

Amphenol Company 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.