Amphenol Co. (NYSE:APH) Stock Holdings Lifted by KPP Advisory Services LLC

KPP Advisory Services LLC lifted its stake in shares of Amphenol Co. (NYSE:APH) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,235 shares of the electronics maker’s stock after acquiring an additional 749 shares during the quarter. KPP Advisory Services LLC’s holdings in Amphenol were worth $537,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its holdings in Amphenol by 0.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after buying an additional 80 shares during the period. TIAA Trust National Association grew its position in Amphenol by 4.7% during the 1st quarter. TIAA Trust National Association now owns 2,718 shares of the electronics maker’s stock worth $314,000 after purchasing an additional 122 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its position in shares of Amphenol by 2.9% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,330 shares of the electronics maker’s stock worth $615,000 after buying an additional 150 shares during the period. Fortitude Family Office LLC lifted its stake in Amphenol by 13.9% in the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after acquiring an additional 158 shares in the last quarter. Finally, New England Capital Financial Advisors LLC increased its holdings in shares of Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by company insiders.

Amphenol Price Performance

Shares of Amphenol stock opened at $70.52 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $66.68 and a 200-day simple moving average of $66.01. The stock has a market capitalization of $85.02 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 2.40 and a beta of 1.23. Amphenol Co. has a 1-year low of $44.44 and a 1-year high of $74.70.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $4.04 billion during 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%. The business’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 EPS. On average, sell-side analysts expect that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on APH. Truist Financial boosted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. TD Cowen upped their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Bank of America lifted their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research 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. Finally, Evercore ISI lifted their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.