Bank Julius Baer & Co. Ltd Zurich Has $8.46 Million Holdings in Amphenol Co. (NYSE:APH)

Bank Julius Baer & Co. Ltd Zurich lessened its stake in Amphenol Co. (NYSE:APH) by 6.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,312 shares of the electronics maker’s stock after selling 6,215 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Amphenol were worth $8,457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Peoples Bank KS bought a new stake in Amphenol during the third quarter worth $27,000. Mendota Financial Group LLC bought a new stake in Amphenol during the fourth quarter worth $33,000. Venturi Wealth Management LLC raised its position in shares of Amphenol by 75.5% in the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 142 shares during the period. Avior Wealth Management LLC raised its position in shares of Amphenol by 70.8% in the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 138 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Amphenol in the third quarter valued at about $34,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on APH shares. Truist Financial increased their price objective on shares of Amphenol from $121.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday. Robert W. Baird upped their price target on shares of Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday. UBS Group increased their price objective on shares of Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI increased their price objective on shares of Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $118.83.

Insider Activity at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the transaction, the chief financial officer now owns 147,045 shares in the company, valued at approximately $15,391,200.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Amphenol news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the sale, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 in the last quarter. 1.80% of the stock is owned by insiders.

Amphenol Price Performance

Shares of APH stock traded up $1.48 on Friday, reaching $120.49. The company had a trading volume of 4,172,891 shares, compared to its average volume of 2,887,212. The stock has a market capitalization of $72.48 billion, a PE ratio of 36.39, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. Amphenol Co. has a one year low of $72.77 and a one year high of $121.25. The business’s 50-day moving average is $111.74 and its 200 day moving average is $99.44.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The business had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $0.69 EPS. Equities research analysts forecast that Amphenol Co. will post 3.29 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.73%. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

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

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.