Aptus Capital Advisors LLC Raises Stake in Amphenol Co. (NYSE:APH)

Aptus Capital Advisors LLC increased its stake in shares of Amphenol Co. (NYSE:APH) by 2.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,566 shares of the electronics maker’s stock after buying an additional 218 shares during the period. Aptus Capital Advisors LLC’s holdings in Amphenol were worth $623,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Beacon Capital Management LLC lifted its stake in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC grew its stake in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares during the period. Sachetta LLC increased its holdings in Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the last quarter. Trifecta Capital Advisors LLC raised its stake in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in Amphenol during the second quarter valued at about $29,000. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In other news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

APH has been the topic of several research reports. Robert W. Baird boosted their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Vertical Research started coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Evercore ISI raised their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial lifted their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Bank of America lifted their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Five investment 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.63.

Amphenol Trading Down 2.8 %

Shares of APH stock opened at $70.51 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $66.46 and a two-hundred day moving average price of $65.90. Amphenol Co. has a 12-month low of $44.44 and a 12-month high of $74.70. The firm has a market cap of $85.01 billion, a P/E ratio of 41.36, a price-to-earnings-growth ratio of 2.40 and a beta of 1.23.

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

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

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.