Strategy Asset Managers LLC Acquires Shares of 8,744 Amphenol Co. (NYSE:APH)

Strategy Asset Managers LLC bought a new position in shares of Amphenol Co. (NYSE:APH - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 8,744 shares of the electronics maker's stock, valued at approximately $570,000.

A number of other large investors have also modified their holdings of APH. Beacon Capital Management LLC raised its holdings in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC boosted its stake in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock worth $25,000 after buying an additional 188 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol during the 2nd quarter valued at about $29,000. Trifecta Capital Advisors LLC lifted its holdings in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock worth $28,000 after acquiring an additional 338 shares during the period. Finally, Sachetta LLC boosted its position in shares of Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock worth $27,000 after acquiring an additional 249 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In related news, 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 trade represents a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 218,116 shares of the company's stock, valued at $14,997,656.16. This trade represents 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 worth $128,858,080 in the last ninety days. Company insiders own 1.80% of the company's stock.

Amphenol Stock Performance

Amphenol stock opened at $70.91 on Thursday. The firm has a market capitalization of $85.49 billion, a P/E ratio of 40.75, a P/E/G ratio of 2.36 and a beta of 1.23. Amphenol Co. has a 52-week low of $44.72 and a 52-week high of $74.70. 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 stock has a fifty day moving average price of $67.24 and a two-hundred day moving average price of $66.22.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. Amphenol's quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.93%. Amphenol's dividend payout ratio is 37.93%.

Analyst Ratings Changes

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

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.