Sumitomo Life Insurance Co. raised its holdings in shares of Amphenol Co. (NYSE:APH – Free Report) by 50.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 46,847 shares of the electronics maker’s stock after purchasing an additional 15,642 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Amphenol were worth $3,254,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the stock. Trifecta Capital Advisors LLC increased its holdings in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares during the last quarter. Continuum Advisory LLC grew its position in shares of 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. increased its stake in shares of Amphenol by 50.0% in the 3rd 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. Sunbelt Securities Inc. boosted its stake in Amphenol by 100.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 324 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in Amphenol during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
Analysts Set New Price Targets
APH has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Citigroup lifted their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, TD Cowen raised their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Five equities 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $80.68.
Insider Activity at Amphenol
In related news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the transaction, the vice president now directly owns 14,000 shares of the company’s stock, valued at approximately $1,005,340. The trade was a 92.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Straub sold 132,000 shares of the firm’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 three months, insiders sold 612,000 shares of company stock valued at $44,177,640. 1.80% of the stock is owned by corporate insiders.
Amphenol Stock Up 1.7 %
Amphenol stock opened at $68.63 on Wednesday. The company has a fifty day simple moving average of $72.07 and a 200 day simple moving average of $67.97. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 1-year low of $49.97 and a 1-year high of $79.39. The company has a market cap of $82.74 billion, a P/E ratio of 35.84, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24.
Amphenol (NYSE:APH – Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter last year, the company earned $0.82 EPS. Amphenol’s revenue for the quarter was up 29.8% compared to the same quarter last year. Research analysts anticipate that Amphenol Co. will post 2.17 earnings per share for the current fiscal year.
Amphenol Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s payout ratio is presently 34.46%.
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.
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