Rheos Capital Works Inc. Boosts Holdings in Amphenol Co. (NYSE:APH)

Rheos Capital Works Inc. lifted its stake in shares of Amphenol Co. (NYSE:APH) by 17.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,700 shares of the electronics maker’s stock after buying an additional 11,700 shares during the quarter. Rheos Capital Works Inc.’s holdings in Amphenol were worth $5,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of APH. Resonant Capital Advisors LLC boosted its holdings in shares of Amphenol by 2.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 20,237 shares of the electronics maker’s stock valued at $1,409,000 after buying an additional 389 shares in the last quarter. Catalina Capital Group LLC lifted its position in Amphenol by 4.6% during the 4th quarter. Catalina Capital Group LLC now owns 4,600 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 201 shares during the period. Princeton Global Asset Management LLC boosted its stake in Amphenol by 0.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock worth $1,634,000 after acquiring an additional 136 shares in the last quarter. KPP Advisory Services LLC increased its stake in shares of Amphenol by 2.4% during the fourth quarter. KPP Advisory Services LLC now owns 8,436 shares of the electronics maker’s stock valued at $586,000 after purchasing an additional 201 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its position in shares of 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. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

NYSE:APH opened at $70.75 on Monday. The stock has a 50-day moving average price of $71.89 and a 200 day moving average price of $68.01. The company has a current ratio of 2.37, a quick ratio of 1.75 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. The stock has a market capitalization of $85.29 billion, a P/E ratio of 36.94, a P/E/G ratio of 2.17 and a beta of 1.23.

Amphenol (NYSE:APH) last posted its earnings results 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. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period last year, the company posted $0.82 earnings per share. Equities research analysts forecast that Amphenol Co. will post 2.26 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm 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 $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.46%.

Analysts Set New Price Targets

APH has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. TD Cowen increased their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird boosted their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Five equities 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Insider Activity at Amphenol

In other news, CFO Craig A. Lampo sold 300,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the sale, the chief financial officer now owns 318,116 shares of the company’s stock, valued at approximately $22,764,380.96. This represents a 48.53 % 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 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 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 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

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.