HB Wealth Management LLC Acquires 4,588 Shares of Amphenol Co. (NYSE:APH)

HB Wealth Management LLC increased its position in Amphenol Co. (NYSE:APH) by 19.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,135 shares of the electronics maker’s stock after acquiring an additional 4,588 shares during the quarter. HB Wealth Management LLC’s holdings in Amphenol were worth $1,954,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Premier Path Wealth Partners LLC raised its holdings in Amphenol by 5.3% in the 4th quarter. Premier Path Wealth Partners LLC now owns 5,727 shares of the electronics maker’s stock worth $398,000 after acquiring an additional 289 shares during the period. Sanibel Captiva Trust Company Inc. raised its holdings in Amphenol by 1.1% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 64,196 shares of the electronics maker’s stock worth $4,458,000 after acquiring an additional 692 shares during the period. Brooklyn Investment Group raised its holdings in Amphenol by 20.5% in the 4th quarter. Brooklyn Investment Group now owns 4,624 shares of the electronics maker’s stock worth $321,000 after acquiring an additional 788 shares during the period. Merit Financial Group LLC raised its holdings in Amphenol by 136.3% in the 4th quarter. Merit Financial Group LLC now owns 14,077 shares of the electronics maker’s stock worth $978,000 after acquiring an additional 8,121 shares during the period. Finally, Relyea Zuckerberg Hanson LLC bought a new position in Amphenol in the 4th quarter worth $215,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

NYSE:APH opened at $69.44 on Monday. The firm has a market cap of $83.71 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. Amphenol Co. has a 12 month low of $47.76 and a 12 month high of $75.78. 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 company’s 50-day moving average price is $71.82 and its two-hundred day moving average price is $67.75.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 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 analyst estimates of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. On average, equities analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Citigroup boosted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock 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 boosted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Five 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.79.

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, 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. Insiders own 1.80% of the company’s stock.

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.