Bridges Investment Management Inc. Has $13.52 Million Position in Amphenol Co. (NYSE:APH)

Bridges Investment Management Inc. grew its holdings in shares of Amphenol Co. (NYSE:APH) by 38.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 207,446 shares of the electronics maker’s stock after purchasing an additional 57,772 shares during the period. Bridges Investment Management Inc.’s holdings in Amphenol were worth $13,517,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Beacon Capital Management LLC lifted its holdings in Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 206 shares during the period. New England Capital Financial Advisors LLC lifted its stake in shares of Amphenol by 100.0% in the second 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 period. Sachetta LLC boosted its holdings in Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 249 shares during the last quarter. Trifecta Capital Advisors LLC increased its position in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in Amphenol during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

NYSE APH opened at $73.90 on Friday. The company has a market cap of $89.09 billion, a P/E ratio of 42.47, a PEG ratio of 2.27 and a beta of 1.23. The company has a fifty day simple moving average of $65.71 and a 200 day simple moving average of $65.52. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 12-month low of $42.44 and a 12-month high of $74.60.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Insider Activity

In related news, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Peter Straub sold 132,000 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,242,672 shares of company stock worth $155,170,080 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

APH has been the subject of several recent analyst reports. 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 research report on Thursday, October 24th. Truist Financial upped their price target on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Robert W. Baird lifted their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Cowen upped their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Vertical Research began coverage on Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

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.