Cornerstone Wealth Group LLC Has $280,000 Stock Holdings in Amphenol Co. (NYSE:APH)

Cornerstone Wealth Group LLC lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 17.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,027 shares of the electronics maker’s stock after purchasing an additional 604 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Amphenol were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. The Manufacturers Life Insurance Company lifted its position in shares of Amphenol by 86.5% in the second quarter. The Manufacturers Life Insurance Company now owns 751,215 shares of the electronics maker’s stock worth $50,610,000 after buying an additional 348,361 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in Amphenol by 110.4% in the 2nd quarter. Driehaus Capital Management LLC now owns 9,518 shares of the electronics maker’s stock worth $641,000 after purchasing an additional 4,994 shares during the last quarter. Creative Planning boosted its position in Amphenol by 109.0% during the second quarter. Creative Planning now owns 492,170 shares of the electronics maker’s stock worth $33,157,000 after purchasing an additional 256,679 shares during the period. NewEdge Advisors LLC grew its holdings in Amphenol by 294.5% during the second quarter. NewEdge Advisors LLC now owns 48,677 shares of the electronics maker’s stock valued at $3,279,000 after purchasing an additional 36,338 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Amphenol by 600.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 75,470 shares of the electronics maker’s stock valued at $5,084,000 after purchasing an additional 64,703 shares during the period. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 12.6 %

Shares of APH stock opened at $67.49 on Tuesday. The firm has a fifty day moving average of $72.12 and a 200-day moving average of $67.98. The stock has a market cap of $81.36 billion, a price-to-earnings ratio of 35.24, a P/E/G ratio of 2.12 and a beta of 1.24. Amphenol Co. has a 52-week low of $49.97 and a 52-week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 2.37.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4,051,810 billion. During the same quarter last year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol Co. will post 2.17 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. Amphenol’s payout ratio is presently 34.46%.

Analyst Ratings Changes

APH has been the subject of several recent analyst reports. Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Evercore ISI raised their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group upped their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five investment 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Insider Activity

In other Amphenol news, CFO Craig A. Lampo sold 300,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total value of $21,468,000.00. Following the transaction, the chief financial officer now owns 318,116 shares of the company’s stock, valued at approximately $22,764,380.96. The trade was a 48.53 % 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 hyperlink. Also, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the sale, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $1,005,340. This trade represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 612,000 shares of company stock worth $44,177,640. Corporate 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.