Amphenol Co. (NYSE:APH) Shares Sold by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp cut its position in shares of Amphenol Co. (NYSE:APH) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 170,689 shares of the electronics maker’s stock after selling 1,612 shares during the quarter. Amphenol accounts for 4.0% of Noesis Capital Mangement Corp’s portfolio, making the stock its 5th largest position. Noesis Capital Mangement Corp’s holdings in Amphenol were worth $16,920,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in Amphenol by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 28,057 shares of the electronics maker’s stock valued at $2,357,000 after purchasing an additional 340 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Amphenol by 16.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 10,601 shares of the electronics maker’s stock worth $890,000 after acquiring an additional 1,468 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in Amphenol by 59.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 649 shares of the electronics maker’s stock worth $55,000 after acquiring an additional 241 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in Amphenol by 1.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 130,468 shares of the electronics maker’s stock valued at $10,958,000 after acquiring an additional 2,125 shares in the last quarter. Finally, NorthRock Partners LLC acquired a new position in shares of Amphenol in the 3rd quarter valued at about $226,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APH. Truist Financial boosted their price objective on shares of Amphenol from $121.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. UBS Group increased their price objective on Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Stifel Nicolaus boosted their target price on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. raised their price target on Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Finally, Evercore ISI boosted their price target on Amphenol from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Four 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, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.83.

Amphenol Stock Performance

Shares of Amphenol stock traded up $1.64 on Friday, reaching $122.64. The stock had a trading volume of 3,279,406 shares, compared to its average volume of 3,774,823. Amphenol Co. has a fifty-two week low of $72.77 and a fifty-two week high of $123.60. The business’s 50-day moving average price is $113.27 and its two-hundred day moving average price is $100.73. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06. The stock has a market cap of $73.66 billion, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 3.07 and a beta of 1.27.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the business posted $0.69 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Amphenol Co. will post 3.35 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 18th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.72%. Amphenol’s payout ratio is 26.91%.

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

Insider Buying and Selling

In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the sale, the chief financial officer now directly owns 147,045 shares in the company, valued at approximately $15,391,200.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the sale, 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. Over the last quarter, insiders have sold 135,000 shares of company stock valued at $14,251,050. 1.80% of the stock is owned by company insiders.

About Amphenol

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.