Dorsey Wright & Associates Takes Position in Amphenol Co. (NYSE:APH)

Dorsey Wright & Associates acquired a new position in Amphenol Co. (NYSE:APH - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,429 shares of the electronics maker's stock, valued at approximately $1,852,000.

Other hedge funds have also bought and sold shares of the company. Beacon Capital Management LLC boosted its position in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock worth $25,000 after purchasing an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC raised its stake in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock worth $25,000 after buying an additional 188 shares during the period. Sachetta LLC raised its stake in shares of Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock worth $27,000 after buying an additional 249 shares during the period. Trifecta Capital Advisors LLC raised its stake in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock worth $28,000 after buying an additional 338 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Amphenol during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on APH. TD Cowen upped their target price on Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Truist Financial upped their target price on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Bank of America raised their price objective on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Evercore ISI raised their price objective on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Robert W. Baird raised their price objective on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.63.

Amphenol Trading Down 0.2 %

Shares of NYSE APH traded down $0.18 during trading on Friday, hitting $74.21. 5,232,262 shares of the company were exchanged, compared to its average volume of 5,573,978. Amphenol Co. has a 12-month low of $45.92 and a 12-month high of $74.93. 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 company has a fifty day moving average price of $69.34 and a 200-day moving average price of $66.96. The firm has a market capitalization of $89.47 billion, a PE ratio of 42.65, a P/E/G ratio of 2.47 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company's quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. As a group, equities research analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

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 dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Tuesday, December 17th. Amphenol's payout ratio is 37.93%.

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares of the company's stock, valued at $133,136,890.88. The trade was a 31.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by insiders.

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.