Turtle Creek Wealth Advisors LLC Buys 816 Shares of Amphenol Co. (NYSE:APH)

Turtle Creek Wealth Advisors LLC lifted its stake in shares of Amphenol Co. (NYSE:APH) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 89,666 shares of the electronics maker’s stock after purchasing an additional 816 shares during the quarter. Amphenol accounts for about 1.2% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 27th largest position. Turtle Creek Wealth Advisors LLC’s holdings in Amphenol were worth $5,843,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Beacon Capital Management LLC increased its stake in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC increased its stake in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Amphenol in the 2nd quarter worth about $29,000. Trifecta Capital Advisors LLC boosted its holdings in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares in the last quarter. Finally, Sachetta LLC boosted its holdings in shares of Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 249 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Vertical Research assumed coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Bank of America upped their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Evercore ISI upped their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Robert W. Baird increased their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial increased their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the sale, the vice president now owns 14,000 shares in the company, valued at $963,760. This represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by insiders.

Amphenol Stock Down 2.8 %

Shares of NYSE APH traded down $2.03 during mid-day trading on Friday, hitting $70.52. 7,410,371 shares of the stock traded hands, compared to its average volume of 6,648,227. The stock has a fifty day moving average price of $66.68 and a 200-day moving average price of $65.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The company has a market cap of $85.02 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 2.40 and a beta of 1.23. Amphenol Co. has a 52 week low of $44.44 and a 52 week high of $74.70.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. Amphenol’s revenue was up 26.3% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. Research analysts anticipate that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s payout ratio is 37.93%.

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.