Stephens Inc. AR Purchases 24,146 Shares of Amphenol Co. (NYSE:APH)

Stephens Inc. AR increased its holdings in shares of Amphenol Co. (NYSE:APH) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 307,368 shares of the electronics maker’s stock after acquiring an additional 24,146 shares during the period. Stephens Inc. AR’s holdings in Amphenol were worth $20,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Texas Permanent School Fund Corp grew its holdings in shares of Amphenol by 61.1% during the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock worth $13,458,000 after purchasing an additional 75,753 shares during the last quarter. United Services Automobile Association lifted its position in Amphenol by 102.0% during the 2nd quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after buying an additional 16,149 shares in the last quarter. Choreo LLC grew its holdings in Amphenol by 556.7% during the 2nd quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after acquiring an additional 34,309 shares during the last quarter. Angeles Wealth Management LLC grew its holdings in Amphenol by 102.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock worth $258,000 after acquiring an additional 1,936 shares during the last quarter. Finally, Czech National Bank grew its holdings in Amphenol by 7.2% during the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $15,985,000 after acquiring an additional 16,425 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,630,672 shares of company stock worth $110,992,440 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE:APH opened at $67.01 on Friday. The company has a market capitalization of $80.79 billion, a price-to-earnings ratio of 38.51, a P/E/G ratio of 2.27 and a beta of 1.24. The firm’s 50 day simple moving average is $65.21 and its 200 day simple moving average is $64.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. Amphenol Co. has a fifty-two week low of $39.75 and a fifty-two week high of $71.20.

Amphenol (NYSE:APH) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. Amphenol’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. As a group, sell-side analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. Amphenol’s dividend 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.