Amphenol Corporation $APH Stock Bought by Leelyn Smith LLC

Leelyn Smith LLC grew its position in shares of Amphenol Corporation (NYSE:APH) by 102.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,290 shares of the electronics maker’s stock after buying an additional 19,396 shares during the quarter. Leelyn Smith LLC’s holdings in Amphenol were worth $3,228,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in APH. Vaquero Private Wealth Ltd. purchased a new stake in shares of Amphenol in the second quarter valued at about $32,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Amphenol by 85.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 91 shares in the last quarter. Tompkins Financial Corp lifted its position in Amphenol by 81.9% in the second quarter. Tompkins Financial Corp now owns 211 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 95 shares during the period. Wilkerson Advisory Group LLC lifted its position in Amphenol by 57.4% in the first quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 85 shares during the period. Finally, Elevation Wealth Partners LLC boosted its holdings in Amphenol by 54.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 241 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In related news, CEO Richard Norwitt sold 799,576 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $82.48, for a total value of $65,949,028.48. Following the completion of the transaction, the chief executive officer directly owned 3,855,014 shares of the company’s stock, valued at $317,961,554.72. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on APH shares. Rothschild & Co Redburn dropped their target price on Amphenol from $197.00 to $107.00 in a research report on Friday, October 30th. Robert W. Baird reduced their price target on Amphenol from $190.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, October 6th. TD Cowen decreased their price target on Amphenol from $175.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, September 9th. Zacks Research raised Amphenol from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Finally, Evercore set a $100.00 price objective on Amphenol in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $108.32.

Amphenol Stock Up 4.2%

APH stock opened at $74.67 on Friday. The company has a market cap of $184.39 billion, a P/E ratio of 32.47, a P/E/G ratio of 0.89 and a beta of 1.27. Amphenol Corporation has a 52 week low of $59.01 and a 52 week high of $89.93. The company’s 50-day moving average price is $81.29 and its 200 day moving average price is $75.53. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.99.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The company had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The firm’s revenue for the quarter was up 65.1% compared to the same quarter last year. On average, research analysts expect that Amphenol Corporation will post 2.84 earnings per share for the current fiscal year.

Amphenol announced that its board has authorized a stock buyback plan on Wednesday, October 28th that permits the company to buy back $4 billion in outstanding shares. This repurchase authorization permits the electronics maker to repurchase up to 2% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Tuesday, December 22nd will be issued a $0.15 dividend. The ex-dividend date is Tuesday, December 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. This is a decrease from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s payout ratio is currently 26.09%.

About Amphenol

Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, antennas and sensor products. Its offerings also include cable assemblies and related components used to transmit signals and power in electronic equipment and systems.

The company serves customers in a range of markets, including communications and information technology, automotive, aerospace and defense, industrial, mobile devices and data networks. Its products are used in applications such as vehicles, communications infrastructure, commercial aircraft and industrial equipment.

Founded in 1932, Amphenol has grown into a global manufacturer serving customers across the Americas, Europe and Asia.