Amphenol Co. (NYSE:APH) Position Cut by Fourpath Capital Management LLC

Fourpath Capital Management LLC lowered its position in shares of Amphenol Co. (NYSE:APH) by 3.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 68,052 shares of the electronics maker’s stock after selling 2,124 shares during the period. Fourpath Capital Management LLC’s holdings in Amphenol were worth $4,726,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of APH. Sanctuary Advisors LLC bought a new position in Amphenol in the 2nd quarter worth approximately $2,731,000. Czech National Bank boosted its position in 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 during the period. GAMMA Investing LLC grew its stake in shares of Amphenol by 19.4% in the third quarter. GAMMA Investing LLC now owns 30,894 shares of the electronics maker’s stock worth $2,013,000 after purchasing an additional 5,026 shares in the last quarter. WealthBridge Capital Management LLC increased its holdings in shares of Amphenol by 26.1% during the third quarter. WealthBridge Capital Management LLC now owns 7,295 shares of the electronics maker’s stock valued at $475,000 after purchasing an additional 1,509 shares during the period. Finally, Diversified Trust Co raised its stake in shares of Amphenol by 979.9% during the third quarter. Diversified Trust Co now owns 35,508 shares of the electronics maker’s stock valued at $2,314,000 after purchasing an additional 32,220 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity

In other Amphenol news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total value of $12,925,800.00. Following the sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at $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. Insiders have sold a total of 612,000 shares of company stock worth $44,177,640 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on APH shares. TD Cowen raised their target price 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. The Goldman Sachs Group upped their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Evercore ISI increased their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Truist Financial boosted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Bank of America lifted their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Trading Down 1.0 %

Amphenol stock opened at $70.11 on Tuesday. The company has a 50 day moving average price of $71.89 and a 200 day moving average price of $68.01. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 52 week low of $51.03 and a 52 week high of $79.39. The firm has a market capitalization of $84.52 billion, a price-to-earnings ratio of 36.61, a P/E/G ratio of 2.17 and a beta of 1.23.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. Research analysts forecast that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be 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 is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.46%.

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.