Cumberland Partners Ltd Boosts Stake in Amphenol Co. (NYSE:APH)

Cumberland Partners Ltd boosted its stake in shares of Amphenol Co. (NYSE:APH) by 1,423.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,330 shares of the electronics maker’s stock after buying an additional 64,780 shares during the period. Cumberland Partners Ltd’s holdings in Amphenol were worth $4,518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Aigen Investment Management LP lifted its holdings in Amphenol by 22.2% during the third quarter. Aigen Investment Management LP now owns 36,100 shares of the electronics maker’s stock worth $2,352,000 after buying an additional 6,554 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in shares of Amphenol by 4.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock valued at $294,000 after purchasing an additional 199 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Amphenol by 25.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock valued at $347,297,000 after purchasing an additional 1,073,480 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Amphenol by 4.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 6,592 shares of the electronics maker’s stock valued at $430,000 after purchasing an additional 266 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Amphenol by 355.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 23,695 shares of the electronics maker’s stock valued at $1,544,000 after purchasing an additional 18,497 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In other Amphenol news, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold 2,242,672 shares of company stock valued at $155,170,080 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Price Performance

Shares of NYSE:APH traded down $0.49 during trading on Tuesday, reaching $72.92. 373,936 shares of the company’s stock traded hands, compared to its average volume of 6,617,178. Amphenol Co. has a fifty-two week low of $43.05 and a fifty-two week high of $74.70. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The firm has a market cap of $87.91 billion, a PE ratio of 42.19, a P/E/G ratio of 2.45 and a beta of 1.23. The company has a 50-day simple moving average of $65.83 and a 200-day simple moving average of $65.73.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share 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 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% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. As a group, analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 37.93%.

Wall Street Analyst Weigh In

APH has been the subject of several analyst reports. Robert W. Baird increased their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial increased their price objective on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Vertical Research assumed coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. TD Cowen upped their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Evercore ISI upped their target price on Amphenol from $75.00 to $80.00 and gave the company 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. According to data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and an average target price of $69.63.

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.