Resonant Capital Advisors LLC Boosts Stock Position in Amphenol Co. (NYSE:APH)

Resonant Capital Advisors LLC grew its stake in shares of Amphenol Co. (NYSE:APH) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,237 shares of the electronics maker’s stock after buying an additional 389 shares during the period. Resonant Capital Advisors LLC’s holdings in Amphenol were worth $1,409,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Catalina Capital Group LLC lifted its holdings in Amphenol by 4.6% in the 4th quarter. Catalina Capital Group LLC now owns 4,600 shares of the electronics maker’s stock worth $319,000 after purchasing an additional 201 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in Amphenol by 0.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock worth $1,634,000 after purchasing an additional 136 shares in the last quarter. KPP Advisory Services LLC lifted its holdings in Amphenol by 2.4% in the 4th quarter. KPP Advisory Services LLC now owns 8,436 shares of the electronics maker’s stock worth $586,000 after purchasing an additional 201 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in Amphenol by 0.9% in the 4th quarter. Valley National Advisers Inc. now owns 29,582 shares of the electronics maker’s stock worth $2,054,000 after purchasing an additional 277 shares in the last quarter. Finally, Greenleaf Trust lifted its holdings in Amphenol by 1.2% in the 4th quarter. Greenleaf Trust now owns 56,879 shares of the electronics maker’s stock worth $3,950,000 after purchasing an additional 652 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Shares of Amphenol stock opened at $70.75 on Monday. The stock’s fifty day moving average is $71.89 and its two-hundred day moving average is $68.01. The company has a market capitalization of $85.29 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 52 week low of $50.48 and a 52 week high of $79.39.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 EPS. As a group, analysts expect that Amphenol Co. will post 2.26 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.93%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on APH shares. TD Cowen boosted their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Truist Financial upped 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. JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI upped their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average target price of $80.68.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the sale, the vice president now directly owns 14,000 shares in the company, valued at approximately $1,005,340. This represents a 92.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the sale, the chief financial officer now owns 318,116 shares of the company’s stock, valued at $22,764,380.96. This represents a 48.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 612,000 shares of company stock valued at $44,177,640 in the last quarter. 1.80% of the stock is owned by 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.