Amphenol Co. (NYSE:APH) Stock Position Boosted by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC lifted its stake in Amphenol Co. (NYSE:APH) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,823 shares of the electronics maker’s stock after acquiring an additional 281 shares during the period. Aaron Wealth Advisors LLC’s holdings in Amphenol were worth $379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Fisher Asset Management LLC acquired a new position in Amphenol during the fourth quarter worth about $789,000. Massmutual Trust Co. FSB ADV grew its position in Amphenol by 4.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,623 shares of the electronics maker’s stock worth $303,000 after buying an additional 121 shares during the last quarter. Perpetual Ltd increased its holdings in shares of Amphenol by 8.3% in the first quarter. Perpetual Ltd now owns 5,492 shares of the electronics maker’s stock valued at $634,000 after buying an additional 419 shares in the last quarter. Gulf International Bank UK Ltd lifted its holdings in shares of Amphenol by 0.6% during the first quarter. Gulf International Bank UK Ltd now owns 51,170 shares of the electronics maker’s stock valued at $5,902,000 after purchasing an additional 313 shares during the last quarter. Finally, MJP Associates Inc. ADV acquired a new position in shares of Amphenol in the first quarter worth about $394,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total value of $48,405,000.00. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Price Performance

NYSE APH opened at $67.46 on Friday. The stock has a market capitalization of $81.03 billion, a PE ratio of 41.39, a P/E/G ratio of 2.56 and a beta of 1.24. The stock has a 50-day simple moving average of $64.76 and a 200 day simple moving average of $64.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. Amphenol Co. has a twelve month low of $39.34 and a twelve month high of $70.84.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the business posted $0.72 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. Research analysts anticipate that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Analyst Ratings Changes

Several equities research analysts recently commented on APH shares. Truist Financial upped their price target on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Bank of America cut their target price on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Robert W. Baird dropped their price target on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. UBS Group increased their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Vertical Research assumed coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.50.

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.