Zacks Investment Management Purchases Shares of 75,308 Amphenol Co. (NYSE:APH)

Zacks Investment Management purchased a new position in shares of Amphenol Co. (NYSE:APH - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 75,308 shares of the electronics maker's stock, valued at approximately $4,907,000.

Several other hedge funds have also recently modified their holdings of APH. Aspire Private Capital LLC lifted its stake in shares of Amphenol by 300.0% in the second quarter. Aspire Private Capital LLC now owns 1,600 shares of the electronics maker's stock valued at $108,000 after purchasing an additional 1,200 shares during the period. Transform Wealth LLC increased its holdings in Amphenol by 96.7% during the 2nd quarter. Transform Wealth LLC now owns 7,860 shares of the electronics maker's stock valued at $530,000 after acquiring an additional 3,864 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Amphenol by 88.4% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 10,275 shares of the electronics maker's stock worth $692,000 after purchasing an additional 4,820 shares during the last quarter. LVW Advisors LLC purchased a new stake in Amphenol during the 2nd quarter worth about $211,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in Amphenol by 111.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,350 shares of the electronics maker's stock valued at $1,169,000 after purchasing an additional 9,131 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the sale, the chief executive officer now 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David M. Silverman sold 180,000 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the transaction, the vice president now directly owns 14,000 shares of the company's stock, valued at approximately $963,760. The trade was a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock valued at $128,858,080 over the last three months. Company insiders own 1.80% of the company's stock.

Amphenol Stock Performance

APH stock traded down $0.51 during trading on Monday, hitting $73.70. 6,798,455 shares of the company's stock traded hands, compared to its average volume of 6,572,817. The stock has a fifty day moving average price of $69.51 and a two-hundred day moving average price of $67.00. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 52 week low of $46.82 and a 52 week high of $74.93. The stock has a market capitalization of $88.85 billion, a price-to-earnings ratio of 42.36, a price-to-earnings-growth ratio of 2.47 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion for 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%. Amphenol's quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, equities analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. Amphenol's payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

Several research firms have commented on APH. Robert W. Baird lifted their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. TD Cowen lifted their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Bank of America lifted their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Truist Financial increased their price target on Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Evercore ISI boosted their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Five 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $69.63.

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.