Amphenol Co. (NYSE:APH) Shares Purchased by Atalan Capital Partners LP

Atalan Capital Partners LP boosted its stake in shares of Amphenol Co. (NYSE:APH) by 21.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,395,000 shares of the electronics maker’s stock after buying an additional 245,000 shares during the period. Amphenol accounts for 7.8% of Atalan Capital Partners LP’s investment portfolio, making the stock its 8th largest position. Atalan Capital Partners LP owned 0.12% of Amphenol worth $90,898,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Benjamin Edwards Inc. grew its holdings in shares of Amphenol by 7,335.4% in the third quarter. Benjamin Edwards Inc. now owns 220,162 shares of the electronics maker’s stock valued at $14,345,000 after purchasing an additional 217,201 shares during the period. Atom Investors LP purchased a new stake in shares of Amphenol in the 3rd quarter valued at approximately $890,000. Erste Asset Management GmbH purchased a new stake in shares of Amphenol during the 3rd quarter valued at approximately $3,664,000. Edgestream Partners L.P. acquired a new position in Amphenol in the third quarter valued at approximately $1,094,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in Amphenol in the third quarter worth approximately $5,933,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Robert W. Baird upped their target price 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. TD Cowen lifted their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Truist Financial upped their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Bank of America lifted their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Trading Down 0.1 %

APH opened at $72.65 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a one year low of $45.01 and a one year high of $74.93. The company has a market cap of $87.59 billion, a P/E ratio of 41.75, a PEG ratio of 2.42 and a beta of 1.23. The business’s 50-day simple moving average is $68.51 and its 200-day simple moving average is $66.71.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. As a group, equities research analysts expect that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. Amphenol’s dividend payout ratio is presently 37.93%.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares in the company, valued at approximately $963,760. The trade was a 92.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,842,672 shares of company stock worth $128,858,080. 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.