Cove Private Wealth LLC Acquires Shares of 9,144 Amphenol Co. (NYSE:APH)

Cove Private Wealth LLC purchased a new position in shares of Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,144 shares of the electronics maker's stock, valued at approximately $635,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc increased its stake in Amphenol by 116.6% during the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock worth $662,458,000 after acquiring an additional 5,293,292 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Amphenol by 89.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock worth $280,397,000 after purchasing an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Amphenol in the 3rd quarter valued at about $113,828,000. State Street Corp lifted its position in Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock valued at $3,496,777,000 after buying an additional 1,537,880 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in Amphenol by 136.5% during the second quarter. APG Asset Management N.V. now owns 2,564,548 shares of the electronics maker's stock worth $161,207,000 after buying an additional 1,480,331 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on APH shares. TD Cowen boosted their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Truist Financial upped their price target on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Citigroup lifted their price objective on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday. Bank of America increased their target price on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Finally, Robert W. Baird lifted their target price on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and a consensus target price of $69.79.

Insider Buying and Selling

In related news, insider Peter Straub sold 132,000 shares of the business's stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm'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 transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last 90 days. 1.80% of the stock is owned by insiders.

Amphenol Stock Down 0.6 %

NYSE:APH traded down $0.42 during mid-day trading on Monday, hitting $69.44. The stock had a trading volume of 9,780,875 shares, compared to its average volume of 5,171,896. 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 Co. has a twelve month low of $47.76 and a twelve month high of $75.78. The company has a market capitalization of $83.71 billion, a PE ratio of 39.91, a PEG ratio of 2.01 and a beta of 1.24. The stock has a 50-day simple moving average of $71.82 and a two-hundred day simple moving average of $67.75.

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 (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion during 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 company's revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 EPS. On average, equities research analysts anticipate that Amphenol Co. will post 1.84 EPS for the current 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 given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol's dividend payout ratio (DPR) is presently 37.93%.

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.