Wendell David Associates Inc. Purchases 8,700 Shares of Amphenol Co. (NYSE:APH)

Wendell David Associates Inc. increased its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 59.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,330 shares of the electronics maker's stock after purchasing an additional 8,700 shares during the period. Wendell David Associates Inc.'s holdings in Amphenol were worth $1,620,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Trifecta Capital Advisors LLC boosted 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 worth $28,000 after buying an additional 338 shares during the last quarter. Core Alternative Capital boosted its position in Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker's stock worth $31,000 after purchasing an additional 231 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 166 shares during the period. Continuum Advisory LLC increased 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 valued at $32,000 after purchasing an additional 234 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted 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 worth $44,000 after purchasing an additional 324 shares during the period. Institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Truist Financial upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday. Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Evercore ISI lifted their target price on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. TD Cowen raised their price objective on Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $77.92.

Amphenol Price Performance

Shares of APH stock traded up $0.70 during trading hours on Thursday, hitting $78.54. The stock had a trading volume of 9,307,573 shares, compared to its average volume of 7,288,104. 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 stock has a market capitalization of $94.69 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 1.98 and a beta of 1.24. Amphenol Co. has a one year low of $49.38 and a one year high of $78.82. The stock's 50-day moving average price is $71.86 and its two-hundred day moving average price is $67.86.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4,051,810 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company's revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS. Equities analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Tuesday, December 17th. Amphenol's payout ratio is 37.93%.

Insider Transactions at Amphenol

In related news, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now directly owns 218,116 shares of the company's stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Straub sold 132,000 shares of the 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by company 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.