Amphenol Co. (NYSE:APH) Shares Acquired by Hilltop Holdings Inc.

Hilltop Holdings Inc. lifted its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 27.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,012 shares of the electronics maker's stock after buying an additional 8,208 shares during the quarter. Hilltop Holdings Inc.'s holdings in Amphenol were worth $2,477,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of APH. Cetera Investment Advisers raised its position in shares of Amphenol by 127.3% in the first quarter. Cetera Investment Advisers now owns 95,965 shares of the electronics maker's stock worth $11,070,000 after buying an additional 53,740 shares in the last quarter. Cetera Advisors LLC lifted its holdings in shares of Amphenol by 511.9% during the 1st quarter. Cetera Advisors LLC now owns 25,677 shares of the electronics maker's stock worth $2,962,000 after acquiring an additional 21,481 shares during the last quarter. Mather Group LLC. increased its stake in Amphenol by 4.9% in the second quarter. Mather Group LLC. now owns 11,832 shares of the electronics maker's stock valued at $797,000 after acquiring an additional 556 shares during the last quarter. Trust Co. of Vermont raised its position in Amphenol by 100.0% during the second quarter. Trust Co. of Vermont now owns 4,244 shares of the electronics maker's stock valued at $286,000 after purchasing an additional 2,122 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Amphenol by 150.4% in the 2nd quarter. Park Avenue Securities LLC now owns 56,700 shares of the electronics maker's stock worth $3,820,000 after purchasing an additional 34,056 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In other news, CFO Craig A. Lampo sold 150,000 shares of the 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 transaction, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 1,934,848 shares of the company's stock, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 in the last quarter. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Truist Financial raised their price target on Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a report on Thursday, October 24th. TD Cowen increased their price objective on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Bank of America lifted their price objective on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Finally, Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $69.63.

Amphenol Trading Up 0.1 %

Amphenol stock traded up $0.04 during trading on Tuesday, hitting $73.12. The company had a trading volume of 3,633,432 shares, compared to its average volume of 6,581,596. Amphenol Co. has a 1-year low of $45.47 and a 1-year high of $74.93. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The company's 50 day simple moving average is $68.51 and its 200-day simple moving average is $66.71. The stock has a market cap of $88.15 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 2.42 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 24.68% and a net margin of 15.40%. Amphenol's revenue was up 26.3% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. As a group, analysts expect that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. Amphenol's dividend payout ratio (DPR) is 37.93%.

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.