Ellevest Inc. Purchases New Stake in Amphenol Co. (NYSE:APH)

Ellevest Inc. purchased a new position in Amphenol Co. (NYSE:APH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,600 shares of the electronics maker’s stock, valued at approximately $250,000.

A number of other hedge funds have also recently modified their holdings of APH. Tacita Capital Inc grew its stake in shares of Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Amphenol in the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. raised its holdings in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in Amphenol in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

APH has been the subject of several research reports. Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group upped their price target on Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.62.

Amphenol Stock Performance

Shares of Amphenol stock opened at $80.78 on Friday. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $81.82. The firm’s 50-day moving average is $68.09 and its 200 day moving average is $69.84. The stock has a market cap of $97.71 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 1.92 and a beta of 1.10. 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 issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, June 17th. Amphenol’s dividend payout ratio is currently 32.04%.

Insider Activity

In related news, insider Luc Walter sold 390,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the transaction, the insider now owns 447,790 shares in the company, valued at $33,991,738.90. This represents a 46.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 126,000 shares of Amphenol stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock valued at $241,903,805 over the last ninety days. 1.67% of the stock is currently owned by corporate insiders.

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.