EP Wealth Advisors LLC Raises Stock Holdings in Amphenol Co. (NYSE:APH)

EP Wealth Advisors LLC boosted its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 176.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,089 shares of the electronics maker's stock after purchasing an additional 7,084 shares during the quarter. EP Wealth Advisors LLC's holdings in Amphenol were worth $723,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC lifted its stake in Amphenol by 38.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 486,144 shares of the electronics maker's stock valued at $30,728,000 after buying an additional 133,858 shares in the last quarter. Wallace Capital Management Inc. bought a new position in Amphenol in the third quarter valued at approximately $209,000. Two Sigma Advisers LP bought a new stake in shares of Amphenol in the third quarter worth $113,828,000. Temasek Holdings Private Ltd bought a new stake in shares of Amphenol in the third quarter worth $3,240,000. Finally, State Street Corp lifted its position in shares of Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock worth $3,496,777,000 after purchasing an additional 1,537,880 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Buying and Selling at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The stock was 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 owns 218,116 shares of the company's stock, valued at $14,997,656.16. The trade was a 40.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 value of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company's stock, valued at $133,136,890.88. The trade was a 31.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Corporate insiders own 1.80% of the company's stock.

Amphenol Trading Up 1.3 %

NYSE:APH traded up $0.92 on Wednesday, reaching $73.53. 3,326,276 shares of the stock traded hands, compared to its average volume of 6,569,978. The firm has a market capitalization of $88.65 billion, a price-to-earnings ratio of 41.94, a price-to-earnings-growth ratio of 2.47 and a beta of 1.24. Amphenol Co. has a 1-year low of $46.94 and a 1-year high of $74.93. 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 company's 50 day moving average is $69.69 and its 200-day moving average is $67.03.

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 (EPS) for the quarter, beating 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 business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the firm posted $0.39 EPS. Amphenol's revenue was up 26.3% compared to the same quarter last year. Equities research analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Evercore ISI boosted their price objective 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. Robert W. Baird upped their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Truist Financial upped their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Bank of America upped their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Finally, TD Cowen upped their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a report on Friday, October 25th. Five 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 stock. According to MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and an average target price of $69.63.

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.