Park Avenue Securities LLC Has $4.12 Million Holdings in Amphenol Co. (NYSE:APH)

Park Avenue Securities LLC lifted its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,346 shares of the electronics maker's stock after acquiring an additional 9,725 shares during the quarter. Park Avenue Securities LLC's holdings in Amphenol were worth $4,122,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Trifecta Capital Advisors LLC lifted its stake in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock valued at $28,000 after purchasing an additional 338 shares during the period. Core Alternative Capital lifted its stake in Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker's stock valued at $31,000 after buying an additional 231 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after buying an additional 166 shares during the last quarter. Continuum Advisory LLC grew its position in shares of Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock worth $32,000 after buying an additional 234 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of Amphenol by 100.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker's stock valued at $44,000 after acquiring an additional 324 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APH. Truist Financial increased their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Citigroup lifted their target price on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a report on Friday. 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. TD Cowen lifted their price objective on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a report on Friday, October 25th. Finally, Robert W. Baird boosted their price objective on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and a consensus target price of $69.79.

Amphenol Stock Performance

NYSE APH traded down $0.42 on Friday, hitting $69.44. 9,780,875 shares of the stock were exchanged, compared to its average volume of 6,085,716. The company has a market capitalization of $83.71 billion, a PE ratio of 39.91, a P/E/G ratio of 2.01 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The business's fifty day moving average is $71.91 and its 200 day moving average is $67.73. Amphenol Co. has a 52 week low of $47.76 and a 52 week high of $75.78.

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. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same period in the previous year, the business earned $0.39 EPS. Amphenol's revenue for the quarter was up 26.3% compared to the same quarter last year. Research analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. Amphenol's dividend payout ratio is currently 37.93%.

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was 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 three months, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is 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.