4,936 Shares in Amphenol Co. (NYSE:APH) Purchased by Genesis Private Wealth LLC

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

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

Amphenol Price Performance

Amphenol stock opened at $72.76 on Wednesday. The stock has a market cap of $87.72 billion, a P/E ratio of 41.82, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company has a fifty day simple moving average of $71.74 and a 200-day simple moving average of $67.76. 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.

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

Amphenol Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Robert W. Baird increased their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America raised their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Citigroup lifted their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Truist Financial increased their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Evercore ISI lifted their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Five equities research 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 stock. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $69.79.

Insider Transactions at Amphenol

In other news, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 300,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the completion of the sale, the chief financial officer now owns 318,116 shares of the company’s stock, valued at approximately $22,764,380.96. This trade represents a 48.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Corporate 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.