Benin Management CORP Purchases 4,910 Shares of Amphenol Co. (NYSE:APH)

Benin Management CORP grew its holdings in shares of Amphenol Co. (NYSE:APH) by 33.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,416 shares of the electronics maker’s stock after buying an additional 4,910 shares during the period. Benin Management CORP’s holdings in Amphenol were worth $1,348,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Daiwa Securities Group Inc. grew its stake in shares of Amphenol by 50.9% in the third 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 during the last quarter. LMR Partners LLP grew its holdings in shares of Amphenol by 315.1% during the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock valued at $19,209,000 after buying an additional 223,784 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Amphenol by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after acquiring an additional 19,496 shares in the last quarter. Whalen Wealth Management Inc. purchased a new position in Amphenol in the 3rd quarter worth approximately $484,000. Finally, Czech National Bank lifted its position in Amphenol by 7.2% in the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock valued at $15,985,000 after acquiring an additional 16,425 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

APH has been the subject of several recent analyst reports. Truist Financial boosted their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI increased their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. The Goldman Sachs Group upped their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Robert W. Baird boosted their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.92.

Insider Buying and Selling

In other Amphenol news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David M. Silverman sold 180,000 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 14,000 shares of the company’s stock, valued at $1,005,340. This trade represents a 92.78 % decrease in their position. 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. Corporate insiders own 1.80% of the company’s stock.

Amphenol Price Performance

NYSE APH opened at $77.10 on Friday. The stock has a market cap of $92.95 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 2.12 and a beta of 1.24. Amphenol Co. has a 12 month low of $49.38 and a 12 month high of $79.39. The company’s 50 day moving average is $71.98 and its two-hundred day moving average is $67.93. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating 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 analysts’ expectations of $4,051,810 billion. During the same quarter in the previous year, the company earned $0.82 EPS. Amphenol’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, research analysts anticipate that Amphenol Co. will post 2.17 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.86%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

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.