Tandem Investment Advisors Inc. Has $77.29 Million Stock Position in Amphenol Co. (NYSE:APH)

Tandem Investment Advisors Inc. raised its holdings in Amphenol Co. (NYSE:APH) by 0.7% during the third quarter, Holdings Channel.com reports. The fund owned 1,186,209 shares of the electronics maker’s stock after purchasing an additional 7,902 shares during the period. Amphenol comprises about 2.9% of Tandem Investment Advisors Inc.’s holdings, making the stock its 20th largest holding. Tandem Investment Advisors Inc.’s holdings in Amphenol were worth $77,293,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in APH. Portside Wealth Group LLC lifted its holdings in Amphenol by 24.7% during the third quarter. Portside Wealth Group LLC now owns 4,453 shares of the electronics maker’s stock worth $290,000 after acquiring an additional 882 shares in the last quarter. Consolidated Planning Corp acquired a new position in Amphenol during the third quarter worth $816,000. Hara Capital LLC acquired a new stake in shares of Amphenol in the third quarter valued at about $169,000. Olympiad Research LP increased its position in shares of Amphenol by 147.1% during the 3rd quarter. Olympiad Research LP now owns 11,117 shares of the electronics maker’s stock worth $724,000 after purchasing an additional 6,618 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Amphenol by 73.9% during the third quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker’s stock worth $168,851,000 after acquiring an additional 1,101,368 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,110,672 shares of company stock worth $145,386,240 in the last ninety days. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on APH shares. Bank of America raised their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Robert W. Baird lifted their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Vertical Research assumed coverage on shares of Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price target for the company. Finally, Truist Financial lifted their target price 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. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average target price of $69.63.

Amphenol Trading Up 2.4 %

Shares of APH opened at $73.92 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. Amphenol Co. has a 1-year low of $42.12 and a 1-year high of $74.18. The company has a market capitalization of $89.12 billion, a P/E ratio of 42.48, a P/E/G ratio of 2.27 and a beta of 1.23. The firm’s 50 day simple moving average is $65.44 and its 200 day simple moving average is $65.34.

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

Amphenol Dividend Announcement

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

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.