Perigon Wealth Management LLC Purchases 1,540 Shares of Amphenol Co. (NYSE:APH)

Perigon Wealth Management LLC increased its position in Amphenol Co. (NYSE:APH) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,474 shares of the electronics maker’s stock after acquiring an additional 1,540 shares during the quarter. Perigon Wealth Management LLC’s holdings in Amphenol were worth $941,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of APH. Trifecta Capital Advisors LLC lifted its position in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of 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 period. Continuum Advisory LLC grew its stake in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares during the last quarter. Sunbelt Securities Inc. increased its position in Amphenol by 100.3% during the second 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 period. Finally, Endeavor Private Wealth Inc. bought a new stake in Amphenol in the 4th quarter valued at $49,000. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on APH shares. Bank of America boosted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Truist Financial lifted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Insiders Place Their Bets

In other news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the transaction, the vice president now directly owns 14,000 shares in the company, valued at $1,005,340. This trade represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 612,000 shares of company stock valued at $44,177,640 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Amphenol Price Performance

NYSE:APH opened at $71.69 on Friday. The firm has a market cap of $86.43 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The company’s 50-day moving average price is $71.99 and its two-hundred day moving average price is $67.97. The company has a quick ratio of 1.33, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12 month low of $50.48 and a 12 month high of $79.39.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the company earned $0.82 EPS. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities analysts anticipate that Amphenol Co. will post 2.17 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.92%. Amphenol’s dividend payout ratio (DPR) is 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.