HB Wealth Management LLC Boosts Holdings in Amphenol Co. (NYSE:APH)

HB Wealth Management LLC boosted its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,135 shares of the electronics maker's stock after buying an additional 4,588 shares during the quarter. HB Wealth Management LLC's holdings in Amphenol were worth $1,954,000 at the end of the most recent quarter.

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

Amphenol Stock Performance

Shares of NYSE:APH traded down $0.42 during 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 quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 12-month low of $47.76 and a 12-month high of $75.78. The stock has a 50-day simple moving average of $71.82 and a two-hundred day simple moving average of $67.75. The stock has a market capitalization of $83.71 billion, a price-to-earnings 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 announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating 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 firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the previous year, the business earned $0.39 EPS. Amphenol's revenue for the quarter was up 26.3% compared to the same quarter last year. On average, equities research analysts expect that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. Amphenol's dividend payout ratio (DPR) is presently 37.93%.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the sale, the chief financial officer now directly owns 218,116 shares of the company's stock, valued at $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock valued at $128,858,080 over the last ninety days. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

APH has been the subject of a number of recent research reports. Evercore ISI lifted their price objective 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. Bank of America lifted their target price on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Truist Financial increased their target price 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. Citigroup raised their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday. Finally, TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Five 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $69.79.

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.