Genesis Private Wealth LLC Acquires Shares of 4,936 Amphenol Co. (NYSE:APH)

Genesis Private Wealth LLC acquired a new stake in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,936 shares of the electronics maker’s stock, valued at approximately $343,000.

Other institutional investors have also recently made changes to their positions in the company. Simon Quick Advisors LLC raised its holdings in Amphenol by 7.4% during the fourth quarter. Simon Quick Advisors LLC now owns 7,878 shares of the electronics maker’s stock valued at $547,000 after acquiring an additional 541 shares during the period. Beaumont Financial Advisors LLC purchased a new position in shares of Amphenol in the 4th quarter worth $338,000. Atomi Financial Group Inc. increased its holdings in shares of Amphenol by 19.1% in the 4th quarter. Atomi Financial Group Inc. now owns 12,280 shares of the electronics maker’s stock worth $853,000 after buying an additional 1,972 shares during the last quarter. Transform Wealth LLC raised its position in shares of Amphenol by 4.6% during the 4th quarter. Transform Wealth LLC now owns 7,830 shares of the electronics maker’s stock valued at $545,000 after buying an additional 345 shares in the last quarter. Finally, Segment Wealth Management LLC lifted its holdings in shares of Amphenol by 0.3% in the 4th quarter. Segment Wealth Management LLC now owns 151,335 shares of the electronics maker’s stock valued at $10,510,000 after acquiring an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 4.8 %

NYSE APH opened at $72.76 on Wednesday. The stock has a market cap of $87.72 billion, a P/E ratio of 41.82, a P/E/G ratio of 1.89 and a beta of 1.24. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 12-month low of $48.52 and a 12-month high of $75.78. The company has a fifty day simple moving average of $71.74 and a two-hundred day simple moving average of $67.76.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the company earned $0.39 EPS. Amphenol’s quarterly revenue was up 26.3% on a year-over-year basis. On average, analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.91%. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of recent research reports. Robert W. Baird upped their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Evercore ISI increased their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America boosted their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Truist Financial raised their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, TD Cowen upped their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.79.

Insider Activity at Amphenol

In other news, VP David M. Silverman sold 180,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at $1,005,340. This represents a 92.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction dated 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. Insiders sold 1,842,672 shares of company stock worth $128,858,080 over the last three months. Company insiders own 1.80% of the company’s stock.

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.