J. Stern & Co. LLP Buys 35,339 Shares of Amphenol Co. (NYSE:APH)

J. Stern & Co. LLP lifted its position in shares of Amphenol Co. (NYSE:APH) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 749,252 shares of the electronics maker’s stock after buying an additional 35,339 shares during the period. Amphenol makes up about 5.2% of J. Stern & Co. LLP’s holdings, making the stock its 7th biggest holding. J. Stern & Co. LLP owned 0.06% of Amphenol worth $48,821,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in APH. Texas Permanent School Fund Corp grew its stake in 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 buying an additional 75,753 shares during the period. United Services Automobile Association boosted 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 purchasing an additional 16,149 shares during the period. LMR Partners LLP increased its holdings in Amphenol by 315.1% in the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock valued at $19,209,000 after purchasing an additional 223,784 shares in the last quarter. Advisors Asset Management Inc. raised its position in Amphenol by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after purchasing an additional 19,496 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Amphenol by 50.9% during the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after purchasing an additional 90,450 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In other Amphenol 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 value of $9,783,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value 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 40.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

Shares of APH traded up $0.29 during mid-day trading on Tuesday, hitting $73.58. The stock had a trading volume of 383,189 shares, compared to its average volume of 6,611,935. Amphenol Co. has a fifty-two week low of $44.81 and a fifty-two week high of $74.93. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The company has a market cap of $88.71 billion, a PE ratio of 42.14, a PEG ratio of 2.47 and a beta of 1.23. The company’s fifty day simple moving average is $67.85 and its two-hundred day simple moving average is $66.47.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping 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 the consensus estimate of $3.81 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The firm’s revenue was up 26.3% on a year-over-year basis. On average, equities analysts expect that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. Amphenol’s dividend payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. TD Cowen upped their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Bank of America upped their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Robert W. Baird upped their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Truist Financial lifted their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $69.63.

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.