Amphenol Co. (NYSE:APH) Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its position in shares of Amphenol Co. (NYSE:APH) by 131.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,224 shares of the electronics maker’s stock after purchasing an additional 9,229 shares during the period. Axxcess Wealth Management LLC’s holdings in Amphenol were worth $1,608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its position in Amphenol by 1.2% in the third quarter. Commonwealth Equity Services LLC now owns 28,057 shares of the electronics maker’s stock valued at $2,357,000 after acquiring an additional 340 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Amphenol by 16.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,601 shares of the electronics maker’s stock valued at $890,000 after acquiring an additional 1,468 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Amphenol by 1.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 130,468 shares of the electronics maker’s stock valued at $10,958,000 after acquiring an additional 2,125 shares during the last quarter. Strs Ohio lifted its position in Amphenol by 2.0% in the third quarter. Strs Ohio now owns 153,594 shares of the electronics maker’s stock valued at $12,900,000 after acquiring an additional 3,073 shares during the last quarter. Finally, First Merchants Corp lifted its position in Amphenol by 1.8% in the third quarter. First Merchants Corp now owns 127,482 shares of the electronics maker’s stock valued at $10,707,000 after acquiring an additional 2,297 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE APH opened at $123.10 on Monday. The company’s fifty day moving average is $113.58 and its two-hundred day moving average is $101.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06. The firm has a market capitalization of $73.93 billion, a P/E ratio of 37.50, a PEG ratio of 3.11 and a beta of 1.27. Amphenol Co. has a one year low of $72.77 and a one year high of $123.60.

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

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 given a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.71%. Amphenol’s payout ratio is 26.91%.

Amphenol declared that its board has authorized a share repurchase plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of research reports. Evercore ISI boosted their price target on shares of Amphenol from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Truist Financial upped their target price on shares of Amphenol from $121.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Citigroup upped their target price on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Jefferies Financial Group assumed coverage on shares of Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 target price for the company. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $118.83.

Insider Buying and Selling at Amphenol

In related news, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the transaction, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,000 shares of company stock valued at $14,251,050. Insiders own 1.80% of the company’s stock.

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.