Amphenol Co. (NYSE:APH) Shares Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. raised its holdings in Amphenol Co. (NYSE:APH) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,582 shares of the electronics maker’s stock after acquiring an additional 277 shares during the quarter. Valley National Advisers Inc.’s holdings in Amphenol were worth $2,054,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in APH. Blue Trust Inc. boosted its holdings in Amphenol by 208.8% during the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after buying an additional 18,322 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Amphenol by 50.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after acquiring an additional 90,450 shares in the last quarter. LMR Partners LLP grew its holdings in shares of Amphenol by 315.1% in the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after acquiring an additional 223,784 shares during the period. Advisors Asset Management Inc. increased its stake in Amphenol by 22.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after purchasing an additional 19,496 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new position in Amphenol during the third quarter worth $484,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

Shares of NYSE:APH opened at $70.75 on Friday. The business has a fifty day simple moving average of $71.89 and a 200-day simple moving average of $67.98. Amphenol Co. has a 52 week low of $50.48 and a 52 week high of $79.39. The company has a market cap of $85.29 billion, a P/E ratio of 36.94, a P/E/G ratio of 2.13 and a beta of 1.24. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $0.82 earnings per share. Amphenol’s revenue was up 29.8% on a year-over-year basis. Equities research analysts forecast that Amphenol Co. will post 2.25 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on APH. The Goldman Sachs Group raised their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Bank of America raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Evercore ISI upped their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Insider Activity at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the transaction, the chief financial officer now owns 318,116 shares of the company’s stock, valued at approximately $22,764,380.96. This represents a 48.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 612,000 shares of company stock worth $44,177,640. Company insiders own 1.80% of the company’s stock.

Amphenol Company 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.