Revolve Wealth Partners LLC Has $350,000 Position in Amphenol Co. (NYSE:APH)

Revolve Wealth Partners LLC lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 51.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,373 shares of the electronics maker’s stock after purchasing an additional 1,825 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Amphenol were worth $350,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Raymond James & Associates raised its position in Amphenol by 31.5% in the 3rd quarter. Raymond James & Associates now owns 454,515 shares of the electronics maker’s stock valued at $29,616,000 after buying an additional 108,965 shares during the last quarter. NovaPoint Capital LLC raised its position in Amphenol by 6.1% in the 3rd quarter. NovaPoint Capital LLC now owns 49,371 shares of the electronics maker’s stock valued at $3,217,000 after buying an additional 2,855 shares during the last quarter. Blue Trust Inc. raised its position in Amphenol by 420.0% in the 3rd quarter. Blue Trust Inc. now owns 8,773 shares of the electronics maker’s stock valued at $591,000 after buying an additional 7,086 shares during the last quarter. Moss Adams Wealth Advisors LLC acquired a new stake in Amphenol in the 3rd quarter valued at approximately $321,000. Finally, Accurate Wealth Management LLC acquired a new stake in Amphenol in the 3rd quarter valued at approximately $2,869,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on APH shares. Vertical Research started coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. UBS Group boosted their price target on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Bank of America lowered their price target on Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Truist Financial boosted their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird lowered their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $66.50.

Amphenol Stock Performance

Shares of NYSE APH opened at $67.46 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. Amphenol Co. has a 12 month low of $39.34 and a 12 month high of $70.84. The stock has a 50 day moving average of $64.76 and a 200-day moving average of $64.27. The company has a market capitalization of $81.03 billion, a P/E ratio of 41.39, a P/E/G ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the company posted $0.72 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th were paid a $0.165 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luc Walter sold 106,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.19, for a total value of $6,804,140.00. Following the sale, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,743,640.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock worth $98,236,640 in the last ninety days. 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.