Fourpath Capital Management LLC Has $4.73 Million Stock Position in Amphenol Co. (NYSE:APH)

Fourpath Capital Management LLC cut its stake in shares of Amphenol Co. (NYSE:APH) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after purchasing an additional 18,322 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of Amphenol by 50.9% during the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after buying an additional 90,450 shares during the period. LMR Partners LLP grew its holdings in shares of Amphenol by 315.1% during the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after buying an additional 223,784 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Amphenol by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after buying an additional 19,496 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new stake in Amphenol in the 3rd quarter valued at approximately $484,000. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In related news, CFO Craig A. Lampo sold 300,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the completion of the sale, the chief financial officer now owns 318,116 shares of the company’s stock, valued at $22,764,380.96. This represents a 48.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold 612,000 shares of company stock valued at $44,177,640 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Amphenol Price Performance

NYSE:APH opened at $70.11 on Tuesday. The firm’s fifty day moving average price is $71.89 and its two-hundred day moving average price is $68.01. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The company has a market cap of $84.52 billion, a P/E ratio of 36.61, a P/E/G ratio of 2.17 and a beta of 1.23. Amphenol Co. has a one year low of $51.03 and a one year high of $79.39.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period last year, the firm posted $0.82 EPS. Equities analysts expect that Amphenol Co. will post 2.26 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. The Goldman Sachs Group lifted their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Truist Financial increased 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. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average target price of $80.68.

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.