Buffington Mohr McNeal Decreases Stock Position in Amphenol Co. (NYSE:APH)

Buffington Mohr McNeal decreased its holdings in Amphenol Co. (NYSE:APH) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 251,212 shares of the electronics maker’s stock after selling 1,455 shares during the quarter. Amphenol makes up about 2.9% of Buffington Mohr McNeal’s investment portfolio, making the stock its 6th largest position. Buffington Mohr McNeal’s holdings in Amphenol were worth $17,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Amphenol by 86.5% in the second quarter. The Manufacturers Life Insurance Company now owns 751,215 shares of the electronics maker’s stock valued at $50,610,000 after purchasing an additional 348,361 shares in the last quarter. Driehaus Capital Management LLC increased its stake in shares of Amphenol by 110.4% in the 2nd quarter. Driehaus Capital Management LLC now owns 9,518 shares of the electronics maker’s stock valued at $641,000 after buying an additional 4,994 shares during the period. Creative Planning raised its position in shares of Amphenol by 109.0% during the second quarter. Creative Planning now owns 492,170 shares of the electronics maker’s stock worth $33,157,000 after acquiring an additional 256,679 shares during the last quarter. NewEdge Advisors LLC increased its position in Amphenol by 294.5% in the second quarter. NewEdge Advisors LLC now owns 48,677 shares of the electronics maker’s stock worth $3,279,000 after purchasing an additional 36,338 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Amphenol by 600.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 75,470 shares of the electronics maker’s stock valued at $5,084,000 after purchasing an additional 64,703 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE:APH opened at $67.49 on Tuesday. Amphenol Co. has a one year low of $49.97 and a one year high of $79.39. The company has a market cap of $81.36 billion, a price-to-earnings ratio of 35.24, a PEG ratio of 2.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.33. The firm has a 50 day simple moving average of $72.12 and a 200 day simple moving average of $67.98.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4,051,810 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. Research analysts predict that Amphenol Co. will post 2.17 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Tuesday, December 17th. Amphenol’s payout ratio is 34.46%.

Insider Activity

In other news, insider Peter Straub sold 132,000 shares of the business’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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Craig A. Lampo sold 300,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the completion of the transaction, the chief financial officer now owns 318,116 shares in the company, valued at approximately $22,764,380.96. The trade was a 48.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 612,000 shares of company stock valued at $44,177,640. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on APH. The Goldman Sachs Group increased their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Evercore ISI lifted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Truist Financial upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Citigroup lifted their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

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.