Oak Thistle LLC Buys 9,357 Shares of Amphenol Co. (NYSE:APH)

Oak Thistle LLC boosted its stake in Amphenol Co. (NYSE:APH - Free Report) by 72.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,328 shares of the electronics maker's stock after buying an additional 9,357 shares during the period. Oak Thistle LLC's holdings in Amphenol were worth $1,551,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of APH. Trifecta Capital Advisors LLC grew its holdings 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 purchasing an additional 338 shares in the last quarter. Core Alternative Capital grew its stake in Amphenol by 100.0% during the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker's stock worth $31,000 after buying an additional 231 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after buying an additional 166 shares during the period. Continuum Advisory LLC increased its holdings in Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after buying an additional 234 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Amphenol by 100.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker's stock worth $44,000 after acquiring an additional 324 shares during the period. 97.01% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Peter Straub sold 132,000 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock worth $128,858,080 over the last three months. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Cowen boosted their price objective 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. Truist Financial raised their price objective on Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Bank of America increased their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research note 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 shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $69.63.

Amphenol Trading Up 0.9 %

NYSE APH traded up $0.65 during trading hours on Wednesday, hitting $70.92. 6,061,070 shares of the company's stock were exchanged, compared to its average volume of 5,588,324. The firm has a market cap of $85.50 billion, a price-to-earnings ratio of 40.76, a PEG 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 stock has a 50-day simple moving average of $72.01 and a 200 day simple moving average of $67.69. 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 quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The firm's revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. On average, equities analysts forecast that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were issued 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 yield of 0.93%. Amphenol's payout ratio is 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.