Brooklyn Investment Group Boosts Holdings in Amphenol Co. (NYSE:APH)

Brooklyn Investment Group raised its stake in shares of Amphenol Co. (NYSE:APH) by 20.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,624 shares of the electronics maker’s stock after buying an additional 788 shares during the quarter. Brooklyn Investment Group’s holdings in Amphenol were worth $321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Moors & Cabot Inc. raised its stake in Amphenol by 87.6% during the second quarter. Moors & Cabot Inc. now owns 4,088 shares of the electronics maker’s stock valued at $275,000 after purchasing an additional 1,909 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Amphenol during the 2nd quarter valued at about $242,000. Intech Investment Management LLC lifted its holdings in shares of Amphenol by 80.2% in the 2nd 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 last quarter. Brighton Jones LLC grew its position in Amphenol by 136.8% in the second quarter. Brighton Jones LLC now owns 17,177 shares of the electronics maker’s stock worth $1,157,000 after acquiring an additional 9,923 shares in the last quarter. Finally, Ieq Capital LLC increased its stake in Amphenol by 107.7% during the second quarter. Ieq Capital LLC now owns 94,035 shares of the electronics maker’s stock worth $6,335,000 after acquiring an additional 48,754 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at approximately $963,760. The trade was a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on APH shares. Bank of America boosted their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research 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 upped their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird raised 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. Finally, TD Cowen upped their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $69.79.

Amphenol Stock Performance

APH stock opened at $69.44 on Friday. Amphenol Co. has a 1-year low of $47.76 and a 1-year high of $75.78. The business has a 50-day moving average price of $71.82 and a 200 day moving average price of $67.74. The company has a market capitalization of $83.71 billion, a P/E ratio of 39.91, a PEG ratio of 2.01 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33.

Amphenol (NYSE:APH) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. As a group, equities research analysts forecast 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 was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 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.