PDS Planning Inc Buys 296 Shares of Amphenol Co. (NYSE:APH)

PDS Planning Inc boosted its position in Amphenol Co. (NYSE:APH) by 2.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,597 shares of the electronics maker’s stock after purchasing an additional 296 shares during the quarter. PDS Planning Inc’s holdings in Amphenol were worth $756,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Amphenol by 0.4% in the first quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock valued at $8,473,608,000 after buying an additional 321,861 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Amphenol by 92.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after buying an additional 17,552,921 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Amphenol by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock worth $3,601,694,000 after acquiring an additional 1,979,022 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Amphenol by 69.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock valued at $1,564,711,000 after buying an additional 9,487,387 shares during the last quarter. Finally, Mawer Investment Management Ltd. raised its position in Amphenol by 88.9% during the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock valued at $1,041,204,000 after acquiring an additional 7,275,279 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

Shares of APH stock traded up $0.46 during trading hours on Monday, reaching $68.32. The company had a trading volume of 412,306 shares, compared to its average volume of 6,600,251. Amphenol Co. has a 12-month low of $41.96 and a 12-month high of $71.20. The company has a market capitalization of $82.37 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 2.23 and a beta of 1.23. 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 fifty day moving average of $65.22 and a 200-day moving average of $65.09.

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

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.97%. Amphenol’s dividend payout ratio is currently 37.93%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. UBS Group upped their price objective on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Evercore ISI lifted their target price 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. Truist Financial upped their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird lifted their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.63.

Insider Buying and Selling at Amphenol

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,630,672 shares of company stock worth $110,992,440 over the last quarter. 1.80% of the stock is currently owned by company insiders.

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.