Hall Laurie J Trustee Boosts Stock Holdings in Amphenol Co. (NYSE:APH)

Hall Laurie J Trustee grew its stake in shares of Amphenol Co. (NYSE:APH) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 89,819 shares of the electronics maker’s stock after buying an additional 1,160 shares during the period. Amphenol accounts for approximately 2.0% of Hall Laurie J Trustee’s holdings, making the stock its 13th biggest holding. Hall Laurie J Trustee’s holdings in Amphenol were worth $6,238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in APH. XTX Topco Ltd purchased a new position in Amphenol in the second quarter valued at approximately $242,000. Intech Investment Management LLC increased its position in shares of Amphenol by 80.2% in the second quarter. Intech Investment Management LLC now owns 23,225 shares of the electronics maker’s stock worth $1,565,000 after acquiring an additional 10,337 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of Amphenol by 74.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,961 shares of the electronics maker’s stock valued at $199,000 after acquiring an additional 1,267 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Amphenol by 12.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 246,615 shares of the electronics maker’s stock valued at $16,614,000 after acquiring an additional 27,159 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in Amphenol by 100.2% during the 2nd quarter. King Luther Capital Management Corp now owns 34,032 shares of the electronics maker’s stock worth $2,293,000 after purchasing an additional 17,029 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amphenol news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock valued at $128,858,080 over the last quarter. Insiders own 1.80% of the company’s stock.

Amphenol Trading Down 0.6 %

Shares of NYSE APH opened at $69.44 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $71.82 and its two-hundred day moving average price is $67.75. Amphenol Co. has a 52-week low of $47.76 and a 52-week high of $75.78. The stock has a market capitalization of $83.71 billion, a P/E ratio of 39.91, a PEG ratio of 2.01 and a beta of 1.24.

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

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 37.93%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America boosted their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Robert W. Baird upped their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Citigroup lifted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday. Evercore ISI raised their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial lifted their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.79.

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.