Genesis Private Wealth LLC Acquires Shares of 4,936 Amphenol Co. (NYSE:APH)

Genesis Private Wealth LLC purchased a new position in shares of Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,936 shares of the electronics maker's stock, valued at approximately $343,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APH. Daiwa Securities Group Inc. grew its stake in shares of Amphenol by 50.9% in the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock valued at $17,477,000 after buying an additional 90,450 shares in the last quarter. LMR Partners LLP grew 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 valued at $19,209,000 after buying an additional 223,784 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Amphenol by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker's stock worth $6,966,000 after acquiring an additional 19,496 shares during the last quarter. Whalen Wealth Management Inc. bought a new stake in shares of Amphenol during the third quarter worth approximately $484,000. Finally, Czech National Bank grew its position in shares of Amphenol by 7.2% in the third quarter. Czech National Bank now owns 245,326 shares of the electronics maker's stock valued at $15,985,000 after purchasing an additional 16,425 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP David M. Silverman sold 180,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $963,760. This trade represents a 92.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 over the last ninety days. 1.80% of the stock is owned by company insiders.

Amphenol Price Performance

NYSE:APH traded up $5.12 during trading hours on Wednesday, hitting $77.84. The company's stock had a trading volume of 11,172,500 shares, compared to its average volume of 6,790,678. Amphenol Co. has a twelve month low of $48.52 and a twelve month high of $78.25. 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 fifty day simple moving average of $71.75 and a 200-day simple moving average of $67.79. The company has a market capitalization of $93.84 billion, a P/E ratio of 44.73, a PEG ratio of 1.89 and a beta of 1.24.

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

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.85%. Amphenol's dividend payout ratio is currently 37.93%.

Analyst Upgrades and Downgrades

APH has been the subject of several recent research reports. Citigroup boosted their price target on Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Truist Financial upped their price target on shares of Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Robert W. Baird raised their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, TD Cowen boosted their price target on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and a consensus target price of $69.79.

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.