Advisors Asset Management Inc. Buys 19,496 Shares of Amphenol Co. (NYSE:APH)

Advisors Asset Management Inc. raised its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 22.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 106,899 shares of the electronics maker's stock after buying an additional 19,496 shares during the period. Advisors Asset Management Inc.'s holdings in Amphenol were worth $6,966,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. boosted its holdings in Amphenol by 0.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker's stock valued at $3,609,000 after purchasing an additional 80 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its position in shares of Amphenol by 2.9% during the first quarter. Industrial Alliance Investment Management Inc. now owns 5,330 shares of the electronics maker's stock worth $615,000 after purchasing an additional 150 shares in the last quarter. Fortitude Family Office LLC raised its position in Amphenol by 13.9% in the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker's stock valued at $84,000 after purchasing an additional 158 shares during the last quarter. New England Capital Financial Advisors LLC raised its stake in shares of Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock worth $25,000 after purchasing an additional 188 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its position in Amphenol by 4.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker's stock worth $294,000 after purchasing an additional 199 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on APH shares. Bank of America boosted their price target on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Evercore ISI increased their price target 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. Truist Financial lifted 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. Robert W. Baird raised their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, TD Cowen lifted their price target 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. 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $69.63.

Insiders Place Their Bets

In related news, insider Peter Straub sold 132,000 shares of the firm's stock in a transaction on Friday, November 8th. The shares were 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 SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm's stock in a transaction 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 in the company, valued at approximately $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. Over the last three months, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company's stock.

Amphenol Stock Performance

APH traded up $2.18 during trading on Thursday, hitting $73.07. The stock had a trading volume of 1,786,793 shares, compared to its average volume of 6,609,733. The company has a 50 day simple moving average of $67.24 and a 200-day simple moving average of $66.22. Amphenol Co. has a 12 month low of $44.81 and a 12 month high of $74.70. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The firm has a market cap of $88.09 billion, a PE ratio of 40.75, a P/E/G ratio of 2.36 and a beta of 1.23.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates 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 firm's revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.90%. Amphenol's dividend payout ratio (DPR) is presently 37.93%.

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.