Executive Wealth Management LLC Invests $3.15 Million in Amphenol Co. (NYSE:APH)

Executive Wealth Management LLC bought a new position in Amphenol Co. (NYSE:APH - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 48,347 shares of the electronics maker's stock, valued at approximately $3,150,000.

Other institutional investors have also recently made changes to their positions in the company. Texas Permanent School Fund Corp lifted its holdings in shares of Amphenol by 61.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker's stock worth $13,458,000 after acquiring an additional 75,753 shares during the last quarter. United Services Automobile Association increased its stake in Amphenol by 102.0% in the 2nd quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker's stock worth $2,154,000 after buying an additional 16,149 shares during the period. Daiwa Securities Group Inc. increased its stake in Amphenol by 50.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock worth $17,477,000 after buying an additional 90,450 shares during the period. Advisors Asset Management Inc. increased its stake in Amphenol by 22.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker's stock worth $6,966,000 after buying an additional 19,496 shares during the period. Finally, LMR Partners LLP increased its stake in Amphenol by 315.1% in the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker's stock worth $19,209,000 after buying an additional 223,784 shares during the period. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Truist Financial raised their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Robert W. Baird raised their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Evercore ISI raised their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Bank of America raised their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average target price of $69.63.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the transaction, the vice president now owns 14,000 shares in the company, valued at approximately $963,760. This represents a 92.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction that occurred on 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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 in the last three months. 1.80% of the stock is owned by insiders.

Amphenol Stock Down 1.4 %

Amphenol stock traded down $1.05 during midday trading on Tuesday, reaching $72.63. The company's stock had a trading volume of 9,139,550 shares, compared to its average volume of 6,583,604. The stock has a market capitalization of $87.56 billion, a P/E ratio of 41.74, a PEG ratio of 2.47 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 stock's 50-day simple moving average is $69.51 and its 200-day simple moving average is $67.00. Amphenol Co. has a 52-week low of $46.82 and a 52-week high of $74.93.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. Amphenol's revenue was up 26.3% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. On average, sell-side analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol's payout ratio is currently 37.93%.

About Amphenol

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.