Guinness Asset Management LTD Increases Stock Holdings in Amphenol Co. (NYSE:APH)

Guinness Asset Management LTD raised its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 617,819 shares of the electronics maker's stock after acquiring an additional 55,750 shares during the period. Amphenol makes up 0.8% of Guinness Asset Management LTD's holdings, making the stock its 27th biggest holding. Guinness Asset Management LTD owned approximately 0.05% of Amphenol worth $42,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Trifecta Capital Advisors LLC raised its position in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock valued at $28,000 after purchasing an additional 338 shares during the period. Core Alternative Capital boosted its holdings in Amphenol by 100.0% during the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker's stock valued at $31,000 after acquiring an additional 231 shares during the period. Continuum Advisory LLC grew its position in Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock valued at $32,000 after acquiring an additional 234 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after purchasing an additional 166 shares during the period. Finally, Sunbelt Securities Inc. lifted its position in shares of Amphenol by 100.3% during the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker's stock worth $44,000 after purchasing an additional 324 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Down 0.6 %

Shares of Amphenol stock traded down $0.42 during trading hours on Monday, hitting $69.44. The company had a trading volume of 9,780,875 shares, compared to its average volume of 5,171,896. The company's 50-day moving average is $71.82 and its two-hundred day moving average is $67.75. Amphenol Co. has a twelve month low of $47.76 and a twelve month high of $75.78. 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 company has a market cap of $83.71 billion, a P/E ratio of 39.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last issued 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. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the company posted $0.39 earnings per share. The business's quarterly revenue was up 26.3% compared to the same quarter last year. Analysts anticipate that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Tuesday, December 17th. Amphenol's dividend payout ratio is currently 37.93%.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale 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 company's stock in a transaction 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 transaction, the chief executive officer now owns 1,934,848 shares of the company's stock, 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. Over the last ninety days, insiders sold 1,842,672 shares of company stock valued at $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.