Russell Investments Group Ltd. Purchases 40,767 Shares of Amphenol Co. (NYSE:APH)

Russell Investments Group Ltd. lifted its holdings in Amphenol Co. (NYSE:APH) by 11.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 404,855 shares of the electronics maker’s stock after buying an additional 40,767 shares during the period. Russell Investments Group Ltd.’s holdings in Amphenol were worth $40,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APH. Peoples Bank KS bought a new stake in Amphenol in the third quarter worth approximately $27,000. Mendota Financial Group LLC bought a new stake in shares of Amphenol in the 4th quarter valued at $33,000. Venturi Wealth Management LLC lifted its position in shares of Amphenol by 75.5% during the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 142 shares during the period. Avior Wealth Management LLC boosted its stake in Amphenol by 70.8% during the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 138 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Amphenol in the third quarter worth $34,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Up 1.4 %

APH stock opened at $122.13 on Tuesday. The stock has a market cap of $73.47 billion, a P/E ratio of 37.35, a P/E/G ratio of 3.17 and a beta of 1.30. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $112.37 and its two-hundred day simple moving average is $100.19. Amphenol Co. has a 1-year low of $72.77 and a 1-year high of $122.18.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that Amphenol Co. will post 3.34 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Amphenol declared that its Board of Directors has approved a share buyback program on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Truist Financial increased their price target on Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Bank of America boosted their price objective on Amphenol from $121.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Stifel Nicolaus increased their target price on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Finally, The Goldman Sachs Group boosted their price target on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.83.

Insider Activity at Amphenol

In other Amphenol 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 transaction of $17,595,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Amphenol news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William J. Doherty sold 170,000 shares of the business’s 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 disclosure for this sale can be found here. In the last three months, insiders have sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is owned by company insiders.

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.