Continuum Advisory LLC Has $32,000 Holdings in Amphenol Co. (NYSE:APH)

Continuum Advisory LLC lifted its position in shares of Amphenol Co. (NYSE:APH) by 89.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 496 shares of the electronics maker’s stock after purchasing an additional 234 shares during the period. Continuum Advisory LLC’s holdings in Amphenol were worth $32,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Diversified Trust Co acquired a new position in shares of Amphenol in the second quarter valued at approximately $222,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Amphenol by 130.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 124,409 shares of the electronics maker’s stock valued at $8,381,000 after acquiring an additional 70,336 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Amphenol by 101.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 73,137 shares of the electronics maker’s stock worth $4,927,000 after purchasing an additional 36,860 shares during the period. 180 Wealth Advisors LLC bought a new stake in shares of Amphenol in the second quarter worth $201,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Amphenol by 100.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,960 shares of the electronics maker’s stock valued at $560,000 after purchasing an additional 3,980 shares during the period. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE APH opened at $73.61 on Friday. The firm has a market capitalization of $88.75 billion, a P/E ratio of 42.30, a P/E/G ratio of 2.47 and a beta of 1.24. The firm’s 50-day moving average price is $69.91 and its 200-day moving average price is $67.07. 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 1-year low of $46.94 and a 1-year high of $74.93.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. Equities research analysts anticipate that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be issued 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 0.90%. Amphenol’s dividend payout ratio is presently 37.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on APH shares. Truist Financial upped their price target on 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 upped their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America raised their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. TD Cowen upped their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Evercore ISI lifted their target price 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. Five investment 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 stock. According to data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Insider Activity at Amphenol

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the company’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 value of $61,975,240.32. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The stock was 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 owns 218,116 shares in the company, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by corporate insiders.

About Amphenol

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.