Avitas Wealth Management LLC Grows Position in Amphenol Co. (NYSE:APH)

Avitas Wealth Management LLC grew its stake in shares of Amphenol Co. (NYSE:APH) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,620 shares of the electronics maker’s stock after purchasing an additional 250 shares during the period. Avitas Wealth Management LLC’s holdings in Amphenol were worth $2,837,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its position in shares of Amphenol by 95,441.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,868,807 shares of the electronics maker’s stock valued at $1,055,971,000 after acquiring an additional 13,854,291 shares during the period. Norges Bank purchased a new position in Amphenol in the 4th quarter valued at approximately $653,884,000. Morgan Stanley boosted its position in Amphenol by 44.1% during the fourth quarter. Morgan Stanley now owns 10,811,475 shares of the electronics maker’s stock worth $823,186,000 after purchasing an additional 3,310,939 shares in the last quarter. State Street Corp increased its position in shares of Amphenol by 5.7% in the second quarter. State Street Corp now owns 26,214,089 shares of the electronics maker’s stock valued at $2,232,289,000 after buying an additional 1,419,808 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Amphenol by 55.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,376,669 shares of the electronics maker’s stock worth $199,616,000 after buying an additional 845,637 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 0.2 %

Amphenol stock traded down $0.27 during trading hours on Thursday, hitting $115.10. The company had a trading volume of 3,380,114 shares, compared to its average volume of 2,640,114. The firm has a market capitalization of $69.04 billion, a P/E ratio of 37.72, a price-to-earnings-growth ratio of 3.22 and a beta of 1.30. The firm’s fifty day moving average is $108.22 and its 200-day moving average is $96.12. Amphenol Co. has a fifty-two week low of $72.00 and a fifty-two week high of $119.59. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. On average, research analysts forecast that Amphenol Co. will post 3.28 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 28.30%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Evercore ISI raised their target price on shares of Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Stifel Nicolaus raised their price objective on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. The Goldman Sachs Group upped their target price on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Truist Financial increased their target price on Amphenol from $97.00 to $109.00 and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Robert W. Baird upped their price objective on Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.20.

Insider Activity at Amphenol

In other news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The disclosure for this sale can be found here. Insiders sold 305,000 shares of company stock valued at $31,846,050 in the last ninety days. Insiders own 2.22% 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.