IHT Wealth Management LLC Raises Stock Holdings in Amphenol Co. (NYSE:APH)

IHT Wealth Management LLC grew its stake in Amphenol Co. (NYSE:APH) by 66.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,314 shares of the electronics maker’s stock after buying an additional 2,130 shares during the quarter. IHT Wealth Management LLC’s holdings in Amphenol were worth $343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Ingalls & Snyder LLC increased its position in Amphenol by 5.1% in the third quarter. Ingalls & Snyder LLC now owns 44,106 shares of the electronics maker’s stock worth $2,874,000 after buying an additional 2,128 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Amphenol by 8.5% in the third quarter. Integrated Wealth Concepts LLC now owns 10,342 shares of the electronics maker’s stock worth $674,000 after acquiring an additional 811 shares during the period. Investment Management Corp of Ontario boosted its stake in shares of Amphenol by 48.2% in the third quarter. Investment Management Corp of Ontario now owns 39,946 shares of the electronics maker’s stock worth $2,603,000 after acquiring an additional 13,000 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after acquiring an additional 2,032,402 shares during the period. Finally, Hilltop Holdings Inc. boosted its stake in shares of Amphenol by 27.5% in the third quarter. Hilltop Holdings Inc. now owns 38,012 shares of the electronics maker’s stock worth $2,477,000 after acquiring an additional 8,208 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 0.7 %

Shares of APH stock opened at $73.70 on Tuesday. Amphenol Co. has a 1 year low of $46.82 and a 1 year high of $74.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The stock’s 50 day simple moving average is $69.51 and its two-hundred day simple moving average is $67.00. The company has a market cap of $88.85 billion, a PE ratio of 42.36, a price-to-earnings-growth ratio of 2.47 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. Research analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. Amphenol’s payout ratio is 37.93%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on APH. Evercore ISI upped their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Robert W. Baird upped their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Truist Financial upped their price objective on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Bank of America increased their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average price target of $69.63.

Insider Transactions at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by company insiders.

About Amphenol

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.