Amphenol Co. (NYSE:APH) Shares Acquired by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC boosted its position in Amphenol Co. (NYSE:APH) by 44.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,884 shares of the electronics maker’s stock after purchasing an additional 2,729 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Amphenol were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of APH. Hall Laurie J Trustee lifted its holdings in shares of Amphenol by 1.3% during the 4th quarter. Hall Laurie J Trustee now owns 89,819 shares of the electronics maker’s stock worth $6,238,000 after acquiring an additional 1,160 shares during the period. Grove Bank & Trust grew its stake in shares of Amphenol by 8.7% in the fourth quarter. Grove Bank & Trust now owns 2,594 shares of the electronics maker’s stock valued at $180,000 after buying an additional 208 shares in the last quarter. Clarius Group LLC lifted its position in shares of Amphenol by 12.4% during the fourth quarter. Clarius Group LLC now owns 10,519 shares of the electronics maker’s stock worth $731,000 after purchasing an additional 1,164 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in Amphenol by 16.2% in the 4th quarter. Aaron Wealth Advisors LLC now owns 6,765 shares of the electronics maker’s stock worth $470,000 after buying an additional 942 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its holdings in Amphenol by 5.6% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 5,204 shares of the electronics maker’s stock valued at $362,000 after purchasing an additional 275 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Robert W. Baird raised 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. Citigroup lifted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. Evercore ISI raised their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial boosted their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, TD Cowen raised their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.79.

Amphenol Stock Down 0.6 %

APH opened at $69.44 on Monday. The company has a market capitalization of $83.71 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. 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 $47.76 and a fifty-two week high of $75.78. The business has a 50-day moving average of $71.82 and a 200-day moving average of $67.75.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 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 company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. Equities research analysts forecast that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a $0.165 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.95%. Amphenol’s dividend payout ratio is 37.93%.

Insider Activity at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol 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 directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction 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 transaction, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 over the last three months. Company insiders own 1.80% of the company’s stock.

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.