7,873 Shares in Amphenol Co. (NYSE:APH) Acquired by Pines Wealth Management LLC

Pines Wealth Management LLC acquired a new stake in Amphenol Co. (NYSE:APH) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,873 shares of the electronics maker’s stock, valued at approximately $553,000.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp lifted its holdings in shares of Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after purchasing an additional 1,537,880 shares in the last quarter. Geode Capital Management LLC raised its position in Amphenol by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after buying an additional 564,991 shares during the last quarter. Legal & General Group Plc lifted its stake in Amphenol by 116.6% during the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after acquiring an additional 5,293,292 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Amphenol by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock valued at $427,363,000 after acquiring an additional 63,180 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Amphenol by 25.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock worth $347,297,000 after acquiring an additional 1,073,480 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, the chief financial officer now directly owns 218,116 shares in the company, valued at $14,997,656.16. This represents a 40.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Up 2.6 %

NYSE APH opened at $70.11 on Wednesday. Amphenol Co. has a 52 week low of $47.38 and a 52 week high of $75.78. 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 capitalization of $84.53 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. The stock’s 50-day moving average price is $72.01 and its 200-day moving average price is $67.69.

Amphenol (NYSE:APH) last released its earnings results 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 company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. On average, equities research analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is 37.93%.

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.