Pines Wealth Management LLC Buys New Shares in Amphenol Co. (NYSE:APH)

Pines Wealth Management LLC acquired a new position in shares of Amphenol Co. (NYSE:APH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,873 shares of the electronics maker's stock, valued at approximately $553,000.

Several other institutional investors and hedge funds have also recently modified their holdings of APH. Ayrshire Capital Management LLC raised its position in Amphenol by 0.8% in the 4th quarter. Ayrshire Capital Management LLC now owns 145,430 shares of the electronics maker's stock valued at $10,100,000 after buying an additional 1,144 shares during the last quarter. Bar Harbor Wealth Management grew its stake in Amphenol by 3.0% in the 4th quarter. Bar Harbor Wealth Management now owns 52,536 shares of the electronics maker's stock valued at $3,649,000 after purchasing an additional 1,513 shares during the period. Harbour Capital Advisors LLC increased its position in shares of Amphenol by 18.6% during the 4th quarter. Harbour Capital Advisors LLC now owns 39,881 shares of the electronics maker's stock valued at $2,796,000 after purchasing an additional 6,245 shares during the last quarter. Clean Yield Group raised its stake in shares of Amphenol by 7.4% during the 4th quarter. Clean Yield Group now owns 3,888 shares of the electronics maker's stock worth $270,000 after purchasing an additional 268 shares during the period. Finally, Cooper Financial Group boosted its holdings in shares of Amphenol by 19.9% in the 4th quarter. Cooper Financial Group now owns 5,959 shares of the electronics maker's stock worth $414,000 after buying an additional 989 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. TD Cowen lifted their price objective 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 $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Evercore ISI increased 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. Bank of America boosted their target price on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. Finally, Robert W. Baird increased their price target on Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research note 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $69.63.

Amphenol Price Performance

Shares of Amphenol stock traded up $0.65 on Wednesday, reaching $70.92. The stock had a trading volume of 6,061,019 shares, compared to its average volume of 5,542,875. The business's 50 day moving average is $72.01 and its two-hundred day moving average is $67.69. The company has a market cap of $85.50 billion, a P/E ratio of 40.76, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. Amphenol Co. has a 1 year low of $47.38 and a 1 year high of $75.78. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (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 analysts' expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business's revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. As a group, research analysts anticipate that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were paid a $0.165 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. Amphenol's dividend payout ratio is currently 37.93%.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Peter Straub sold 132,000 shares of the firm'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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the company's 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 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 disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 in the last 90 days. Corporate insiders own 1.80% of the company's stock.

About Amphenol

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.