Aaron Wealth Advisors LLC Has $470,000 Position in Amphenol Co. (NYSE:APH)

Aaron Wealth Advisors LLC grew its position in shares of Amphenol Co. (NYSE:APH) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,765 shares of the electronics maker’s stock after purchasing an additional 942 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Amphenol were worth $470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in APH. Trifecta Capital Advisors LLC raised its stake in shares of Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares during the last quarter. Core Alternative Capital raised its position in Amphenol by 100.0% during the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 231 shares during the last quarter. Continuum Advisory LLC lifted its holdings in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after buying an additional 234 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in Amphenol by 100.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after purchasing an additional 324 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Truist Financial increased their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Bank of America boosted their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. TD Cowen raised their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday. Finally, Evercore ISI raised their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.79.

Amphenol Trading Down 0.6 %

APH opened at $69.44 on Monday. Amphenol Co. has a fifty-two week low of $47.76 and a fifty-two week high of $75.78. The firm has a market capitalization of $83.71 billion, a PE ratio of 39.91, a P/E/G ratio of 2.01 and a beta of 1.24. 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 company’s 50-day moving average is $71.82 and its 200 day moving average is $67.75.

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

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were issued a $0.165 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. Amphenol’s dividend payout ratio is currently 37.93%.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were 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 ninety days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by insiders.

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.