Caitlin John LLC Increases Stock Holdings in Amphenol Co. (NYSE:APH)

Caitlin John LLC increased its holdings in Amphenol Co. (NYSE:APH) by 1.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,912 shares of the electronics maker’s stock after purchasing an additional 508 shares during the period. Amphenol comprises about 1.8% of Caitlin John LLC’s portfolio, making the stock its 6th largest holding. Caitlin John LLC’s holdings in Amphenol were worth $2,702,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of APH. State Street Corp lifted its stake in shares of Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after purchasing an additional 1,537,880 shares during the period. Geode Capital Management LLC raised its position in Amphenol by 2.3% in the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after acquiring an additional 564,991 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Amphenol by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock worth $427,363,000 after acquiring an additional 63,180 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Amphenol by 25.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock valued at $347,297,000 after acquiring an additional 1,073,480 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after purchasing an additional 2,032,402 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. TD Cowen increased their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Bank of America lifted their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Citigroup raised their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Evercore ISI increased their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $80.68.

Insiders Place Their Bets

In related news, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by insiders.

Amphenol Stock Performance

NYSE APH opened at $69.44 on Thursday. The stock has a market capitalization of $83.72 billion, a PE ratio of 36.26, a P/E/G ratio of 2.17 and a beta of 1.23. Amphenol Co. has a 1-year low of $51.13 and a 1-year high of $79.39. The business has a 50 day simple moving average of $71.75 and a two-hundred day simple moving average of $68.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. On average, research analysts predict that Amphenol Co. will post 2.26 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.95%. Amphenol’s dividend payout ratio is currently 34.46%.

Amphenol Company 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.