Vestmark Advisory Solutions Inc. Takes $414,000 Position in Amphenol Co. (NYSE:APH)

Vestmark Advisory Solutions Inc. bought a new position in Amphenol Co. (NYSE:APH) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,174 shares of the electronics maker’s stock, valued at approximately $414,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Amphenol by 228.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 110,298 shares of the electronics maker’s stock worth $10,934,000 after purchasing an additional 76,724 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Amphenol during the 4th quarter valued at approximately $3,589,000. West Coast Financial LLC boosted its holdings in shares of Amphenol by 65.0% in the 4th quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock valued at $12,779,000 after acquiring an additional 50,778 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Amphenol by 63.4% in the fourth quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock worth $3,793,000 after acquiring an additional 14,843 shares during the period. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Amphenol during the fourth quarter worth $2,875,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity

In other Amphenol news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amphenol news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the transaction, the chief financial officer now owns 147,045 shares in the company, valued at $15,391,200.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,000 shares of company stock valued at $14,251,050. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

APH has been the subject of a number of recent research reports. Citigroup boosted their price objective on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Truist Financial raised their target price on Amphenol from $121.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. UBS Group increased their price target on Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group boosted their price objective on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. increased their target price on Amphenol from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $118.83.

Amphenol Stock Up 1.8 %

APH stock opened at $124.79 on Tuesday. The company has a market cap of $74.95 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 3.11 and a beta of 1.27. The firm has a 50-day moving average of $113.91 and a two-hundred day moving average of $101.58. Amphenol Co. has a 12 month low of $72.77 and a 12 month high of $124.84. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the business posted $0.69 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. As a group, analysts forecast that Amphenol Co. will post 3.35 earnings per share for the current fiscal year.

Amphenol declared that its board has initiated a stock buyback program on Wednesday, April 24th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, June 18th. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Amphenol Company 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.