Amphenol Co. (NYSE:APH) Shares Purchased by WESPAC Advisors LLC

WESPAC Advisors LLC lifted its stake in Amphenol Co. (NYSE:APH) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,425 shares of the electronics maker’s stock after acquiring an additional 625 shares during the period. WESPAC Advisors LLC’s holdings in Amphenol were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. B. Riley Wealth Advisors Inc. boosted its stake in Amphenol by 0.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after buying an additional 80 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in shares of Amphenol by 2.9% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,330 shares of the electronics maker’s stock valued at $615,000 after buying an additional 150 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of Amphenol by 13.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after acquiring an additional 158 shares during the last quarter. New England Capital Financial Advisors LLC grew its holdings in shares of Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC raised its position in shares of Amphenol by 4.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock worth $294,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on APH shares. Truist Financial lifted their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI upped their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Robert W. Baird increased their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America upped their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, TD Cowen lifted their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Five research 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 stock. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Stock Up 1.4 %

NYSE APH opened at $74.29 on Friday. Amphenol Co. has a twelve month low of $44.81 and a twelve month high of $74.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The stock has a market cap of $89.56 billion, a PE ratio of 42.70, a PEG ratio of 2.44 and a beta of 1.23. The firm has a 50-day simple moving average of $67.65 and a 200 day simple moving average of $66.38.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. Amphenol’s revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. On average, research analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.89%. Amphenol’s payout ratio is presently 37.93%.

Insider Buying and Selling at Amphenol

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value 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. The trade was a 31.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was 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. Over the last ninety days, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by 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.