Amphenol Co. (NYSE:APH) Shares Acquired by Invesco LLC

Invesco LLC boosted its position in Amphenol Co. (NYSE:APH) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,834 shares of the electronics maker’s stock after buying an additional 3,440 shares during the period. Amphenol makes up about 1.6% of Invesco LLC’s holdings, making the stock its 13th biggest position. Invesco LLC’s holdings in Amphenol were worth $4,017,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC increased its stake in shares of Amphenol by 13.9% during the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after acquiring an additional 158 shares during the period. Brown Brothers Harriman & Co. increased its position in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares during the period. Fragasso Financial Advisors Inc raised its stake in shares of Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after buying an additional 171 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of Amphenol by 0.5% in the 4th quarter. AlphaMark Advisors LLC now owns 34,209 shares of the electronics maker’s stock valued at $2,376,000 after buying an additional 180 shares during the period. Finally, Prestige Wealth Management Group LLC boosted its stake in shares of Amphenol by 7.4% in the third quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock valued at $180,000 after buying an additional 189 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Price Performance

Amphenol stock traded up $0.51 during mid-day trading on Wednesday, hitting $69.09. 1,107,942 shares of the company were exchanged, compared to its average volume of 7,885,545. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.33. Amphenol Co. has a 12-month low of $50.48 and a 12-month high of $79.39. The business’s 50 day simple moving average is $72.02 and its two-hundred day simple moving average is $67.96. The company has a market capitalization of $83.30 billion, a P/E ratio of 36.42, a PEG ratio of 2.12 and a beta of 1.24.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) 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 analyst estimates of $4.05 billion. During the same period in the prior year, the firm earned $0.82 EPS. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. Analysts forecast that Amphenol Co. will post 2.17 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 34.46%.

Insider Buying and Selling

In other Amphenol news, insider Peter Straub sold 132,000 shares of the company’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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig A. Lampo sold 300,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 318,116 shares of the company’s stock, valued at $22,764,380.96. The trade was a 48.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 612,000 shares of company stock worth $44,177,640. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APH. JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Robert W. Baird boosted their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. TD Cowen upped 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. Truist Financial lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Citigroup raised their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Five research 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 company. According to data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

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.