Inspire Investing LLC Has $10.73 Million Stake in Amphenol Co. (NYSE:APH)

Inspire Investing LLC lifted its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,514 shares of the electronics maker's stock after acquiring an additional 9,407 shares during the period. Amphenol makes up about 1.2% of Inspire Investing LLC's portfolio, making the stock its 8th largest holding. Inspire Investing LLC's holdings in Amphenol were worth $10,731,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fortitude Family Office LLC lifted its stake in shares of Amphenol by 13.9% in the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker's stock valued at $84,000 after acquiring an additional 158 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. Fragasso Financial Advisors Inc grew its holdings in shares of Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock worth $266,000 after purchasing an additional 171 shares during the last quarter. Prestige Wealth Management Group LLC increased its stake in shares of Amphenol by 7.4% in the third quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker's stock valued at $180,000 after buying an additional 189 shares during the period. Finally, Prime Capital Investment Advisors LLC boosted its position in Amphenol by 4.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker's stock worth $294,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on APH shares. The Goldman Sachs Group upped their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a research report on Thursday. Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday. Bank of America increased their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Evercore ISI boosted their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $77.92.

Amphenol Stock Up 0.9 %

Shares of APH traded up $0.70 on Thursday, reaching $78.54. The company's stock had a trading volume of 9,307,573 shares, compared to its average volume of 7,288,104. The stock has a market capitalization of $94.69 billion, a PE ratio of 45.14, a PEG ratio of 1.98 and a beta of 1.24. 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 Co. has a twelve month low of $49.38 and a twelve month high of $78.82. The firm has a fifty day moving average of $71.86 and a 200-day moving average of $67.86.

Amphenol (NYSE:APH - Get Free Report) last announced its 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 return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.32 billion for the quarter, compared to analysts' expectations of $4,051,810 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Amphenol's quarterly revenue was up 29.8% on a year-over-year basis. Equities analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

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. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.84%. Amphenol's dividend payout ratio (DPR) is 37.93%.

Insider Activity

In related news, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction 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 approximately $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Straub sold 132,000 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were 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 sold a total of 1,842,672 shares of company stock valued at $128,858,080 over the last three months. Corporate insiders own 1.80% of the company's stock.

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.