Aaron Wealth Advisors LLC Acquires 942 Shares of Amphenol Co. (NYSE:APH)

Aaron Wealth Advisors LLC boosted its holdings in Amphenol Co. (NYSE:APH) by 16.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,765 shares of the electronics maker’s stock after acquiring an additional 942 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Amphenol were worth $470,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. XTX Topco Ltd purchased a new position in Amphenol in the 2nd quarter worth approximately $242,000. Intech Investment Management LLC grew its position in Amphenol by 80.2% in the second quarter. Intech Investment Management LLC now owns 23,225 shares of the electronics maker’s stock worth $1,565,000 after acquiring an additional 10,337 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Amphenol by 74.8% in the second quarter. Benjamin Edwards Inc. now owns 2,961 shares of the electronics maker’s stock valued at $199,000 after acquiring an additional 1,267 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Amphenol by 12.4% during the second quarter. Canada Pension Plan Investment Board now owns 246,615 shares of the electronics maker’s stock valued at $16,614,000 after purchasing an additional 27,159 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its stake in Amphenol by 100.2% during the second quarter. King Luther Capital Management Corp now owns 34,032 shares of the electronics maker’s stock worth $2,293,000 after purchasing an additional 17,029 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the topic of several recent research reports. Robert W. Baird increased 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. Bank of America lifted their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Truist Financial upped their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. TD Cowen lifted their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Citigroup upped their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.79.

Insider Buying and Selling at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was 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 in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

Amphenol stock opened at $69.44 on Monday. Amphenol Co. has a 1-year low of $47.76 and a 1-year high of $75.78. The firm has a market cap of $83.71 billion, a P/E ratio of 39.91, a P/E/G ratio of 2.01 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. The firm has a 50-day moving average of $71.82 and a 200-day moving average of $67.75.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. The business’s revenue was up 26.3% compared to the same quarter last year. Sell-side analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s payout ratio is 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.