ICW Investment Advisors LLC Grows Position in Amphenol Co. (NYSE:APH)

ICW Investment Advisors LLC lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,828 shares of the electronics maker’s stock after acquiring an additional 173 shares during the quarter. ICW Investment Advisors LLC’s holdings in Amphenol were worth $776,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System purchased a new position in shares of Amphenol during the 4th quarter worth $3,589,000. West Coast Financial LLC grew its holdings in shares of Amphenol by 65.0% during the 4th quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock worth $12,779,000 after purchasing an additional 50,778 shares during the period. Cerity Partners LLC boosted its holdings in Amphenol by 63.4% during the 4th quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock valued at $3,793,000 after acquiring an additional 14,843 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in Amphenol in the 4th quarter valued at about $2,875,000. Finally, Fortune Financial Advisors LLC acquired a new position in Amphenol in the 4th quarter valued at about $1,071,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on APH shares. Jefferies Financial Group started coverage on Amphenol in a research report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 target price for the company. Bank of America lifted their target price on Amphenol from $121.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Truist Financial lifted their target price on Amphenol from $121.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Citigroup lifted their target price on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Robert W. Baird lifted their price objective on Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.83.

Insider Buying and Selling

In related news, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amphenol news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the transaction, the chief financial officer now directly owns 147,045 shares in the company, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 over the last 90 days. 1.80% of the stock is owned by insiders.

Amphenol Stock Down 0.9 %

Shares of APH traded down $1.11 during midday trading on Wednesday, hitting $119.66. The company had a trading volume of 2,061,228 shares, compared to its average volume of 2,880,319. The company’s 50-day simple moving average is $112.70 and its 200-day simple moving average is $100.46. The firm has a market capitalization of $71.87 billion, a P/E ratio of 36.93, a P/E/G ratio of 3.21 and a beta of 1.30. Amphenol Co. has a 1 year low of $72.77 and a 1 year high of $123.60. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.07. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. As a group, sell-side analysts expect that Amphenol Co. will post 3.34 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s payout ratio is 26.91%.

Amphenol declared that its board has approved a stock repurchase program on Wednesday, April 24th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.