KPP Advisory Services LLC Acquires 749 Shares of Amphenol Co. (NYSE:APH)

KPP Advisory Services LLC grew its stake in Amphenol Co. (NYSE:APH) by 10.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,235 shares of the electronics maker’s stock after acquiring an additional 749 shares during the quarter. KPP Advisory Services LLC’s holdings in Amphenol were worth $537,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of APH. Bank of New York Mellon Corp lifted its holdings in shares of Amphenol by 92.0% during the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after acquiring an additional 17,552,921 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Amphenol by 69.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after buying an additional 9,487,387 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in shares of Amphenol by 88.9% during the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after buying an additional 7,275,279 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Amphenol by 116.6% in the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after acquiring an additional 5,293,292 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Amphenol by 263.0% in the 2nd quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker’s stock worth $240,935,000 after acquiring an additional 2,585,282 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In other news, insider Peter Straub sold 132,000 shares of the stock in a transaction 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 filing with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the completion of the sale, the vice president now directly owns 14,000 shares in the company, valued at $1,005,340. This represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on APH shares. Vertical Research started coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price on the stock. Truist Financial boosted their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. TD Cowen increased their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Evercore ISI increased their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America upped their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Stock Down 2.8 %

Shares of NYSE APH opened at $70.52 on Friday. Amphenol Co. has a 52-week low of $44.44 and a 52-week high of $74.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The stock has a market cap of $85.02 billion, a P/E ratio of 40.53, a P/E/G ratio of 2.40 and a beta of 1.23. The firm has a 50 day moving average price of $66.68 and a 200 day moving average price of $66.01.

Amphenol (NYSE:APH) last announced its quarterly 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. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. Analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. Amphenol’s dividend payout ratio 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.