Amphenol Corporation $APH Stock Holdings Increased by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC grew its holdings in Amphenol Corporation (NYSE:APH) by 107.4% during the third quarter, HoldingsChannel reports. The fund owned 17,609 shares of the electronics maker’s stock after purchasing an additional 9,119 shares during the period. Gryphon Financial Partners LLC’s holdings in Amphenol were worth $1,484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd raised its holdings in Amphenol by 85.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Your Advocates Ltd. LLP lifted its position in shares of Amphenol by 100.0% during the 3rd quarter. Your Advocates Ltd. LLP now owns 300 shares of the electronics maker’s stock worth $25,000 after buying an additional 150 shares during the last quarter. Retirement Wealth Solutions LLC boosted its holdings in shares of Amphenol by 831.2% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 298 shares of the electronics maker’s stock valued at $26,000 after buying an additional 266 shares in the last quarter. Sunrise Financial Services LLC boosted its holdings in shares of Amphenol by 100.0% in the 3rd quarter. Sunrise Financial Services LLC now owns 324 shares of the electronics maker’s stock valued at $27,000 after buying an additional 162 shares in the last quarter. Finally, NFSG Corp purchased a new position in shares of Amphenol in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In related news, CEO Richard Norwitt sold 799,576 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $82.48, for a total value of $65,949,028.48. Following the completion of the transaction, the chief executive officer directly owned 3,855,014 shares of the company’s stock, valued at $317,961,554.72. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

APH has been the topic of several research analyst reports. Royal Bank Of Canada set a $100.00 price target on shares of Amphenol in a research note on Monday, October 26th. JPMorgan Chase & Co. raised their price objective on Amphenol from $107.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Wolfe Research initiated coverage on Amphenol in a research report on Wednesday, September 30th. They set an “outperform” rating and a $105.00 target price on the stock. Zacks Research upgraded Amphenol from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $116.00 target price (up from $102.00) on shares of Amphenol in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $108.32.

Amphenol Stock Up 8.4%

Shares of NYSE APH opened at $80.89 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.99. Amphenol Corporation has a 52 week low of $59.01 and a 52 week high of $89.93. The firm has a 50-day moving average price of $81.33 and a 200 day moving average price of $75.55. The stock has a market capitalization of $199.74 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 0.94 and a beta of 1.27.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The company had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The firm’s revenue for the quarter was up 65.1% compared to the same quarter last year. Equities research analysts anticipate that Amphenol Corporation will post 2.84 EPS for the current fiscal year.

Amphenol declared that its Board of Directors has authorized a share repurchase plan on Wednesday, October 28th that permits the company to repurchase $4 billion in outstanding shares. This repurchase authorization permits the electronics maker to buy up to 2% of its shares through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Tuesday, December 22nd will be issued a $0.15 dividend. The ex-dividend date is Tuesday, December 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.7%. This is a decrease from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s payout ratio is currently 21.74%.

Amphenol Company Profile

Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, antennas and sensor products. Its offerings also include cable assemblies and related components used to transmit signals and power in electronic equipment and systems.

The company serves customers in a range of markets, including communications and information technology, automotive, aerospace and defense, industrial, mobile devices and data networks. Its products are used in applications such as vehicles, communications infrastructure, commercial aircraft and industrial equipment.

Founded in 1932, Amphenol has grown into a global manufacturer serving customers across the Americas, Europe and Asia.