6,484 Shares in Amphenol Co. (NYSE:APH) Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. acquired a new position in shares of Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,484 shares of the electronics maker's stock, valued at approximately $450,000.

A number of other institutional investors and hedge funds have also modified their holdings of APH. XTX Topco Ltd bought a new stake in Amphenol in the 2nd quarter valued at $242,000. Intech Investment Management LLC increased its stake in Amphenol by 80.2% in the second quarter. Intech Investment Management LLC now owns 23,225 shares of the electronics maker's stock valued at $1,565,000 after acquiring an additional 10,337 shares during the period. Canada Pension Plan Investment Board raised its position in Amphenol by 12.4% in the second quarter. Canada Pension Plan Investment Board now owns 246,615 shares of the electronics maker's stock worth $16,614,000 after purchasing an additional 27,159 shares in the last quarter. AE Wealth Management LLC boosted its holdings in Amphenol by 154.7% during the second quarter. AE Wealth Management LLC now owns 7,690 shares of the electronics maker's stock valued at $518,000 after purchasing an additional 4,671 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Amphenol by 79.4% in the 2nd quarter. Pacer Advisors Inc. now owns 139,065 shares of the electronics maker's stock valued at $9,369,000 after purchasing an additional 61,559 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. 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. Truist Financial increased their target price 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. Robert W. Baird upped their price objective 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. Citigroup lifted their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a "buy" rating in a research note on Friday. Finally, Bank of America raised their price target on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. 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's stock. According to data from MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and an average target price of $69.79.

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the business's stock in a transaction dated 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 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 document filed with the SEC, which is available at the SEC website. Also, insider Peter Straub sold 132,000 shares of the firm's stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock worth $128,858,080 over the last three months. Insiders own 1.80% of the company's stock.

Amphenol Stock Performance

Shares of Amphenol stock traded up $3.23 during trading on Tuesday, hitting $72.65. 7,208,174 shares of the stock were exchanged, compared to its average volume of 6,149,578. Amphenol Co. has a 1-year low of $48.52 and a 1-year high of $75.78. The stock has a market capitalization of $87.58 billion, a price-to-earnings ratio of 41.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company has a fifty day moving average price of $71.74 and a 200-day moving average price of $67.76. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business's revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. As a group, equities analysts predict that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a $0.165 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. Amphenol's dividend payout ratio (DPR) 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.