Amphenol Co. (NYSE:APH) Shares Bought by Oak Thistle LLC

Oak Thistle LLC boosted its position in Amphenol Co. (NYSE:APH) by 72.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,328 shares of the electronics maker’s stock after purchasing an additional 9,357 shares during the quarter. Oak Thistle LLC’s holdings in Amphenol were worth $1,551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Daiwa Securities Group Inc. grew its stake in shares of Amphenol by 50.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock valued at $17,477,000 after buying an additional 90,450 shares during the period. Advisors Asset Management Inc. raised its holdings 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 acquiring an additional 19,496 shares in the last quarter. LMR Partners LLP lifted its position in shares of Amphenol by 315.1% during the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after purchasing an additional 223,784 shares during the last quarter. Czech National Bank boosted its position in shares of Amphenol by 7.2% during the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $15,985,000 after acquiring an additional 16,425 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new position in Amphenol in the third quarter valued at approximately $484,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the subject of several research reports. Evercore ISI boosted 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. 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 research report on Thursday, October 24th. Truist Financial raised their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Cowen upped their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Bank of America boosted their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Stock Performance

NYSE APH opened at $70.11 on Wednesday. The business has a 50 day moving average price of $72.01 and a 200 day moving average price of $67.69. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The company has a market capitalization of $84.53 billion, a P/E ratio of 40.29, a PEG ratio of 2.44 and a beta of 1.24. Amphenol Co. has a 1-year low of $47.38 and a 1-year high of $75.78.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 period last year, the firm posted $0.39 EPS. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. Sell-side analysts expect 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. Stockholders of record on Tuesday, December 17th were issued a $0.165 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. Amphenol’s dividend payout ratio (DPR) is 37.93%.

Insider Activity

In other Amphenol news, 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 owns 218,116 shares in the company, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. 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. 1.80% of the stock is currently 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.