Ayrshire Capital Management LLC Grows Stock Position in Amphenol Co. (NYSE:APH)

Ayrshire Capital Management LLC raised its stake in shares of Amphenol Co. (NYSE:APH) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 145,430 shares of the electronics maker’s stock after buying an additional 1,144 shares during the quarter. Amphenol comprises about 4.9% of Ayrshire Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Ayrshire Capital Management LLC’s holdings in Amphenol were worth $10,100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of APH. Bar Harbor Wealth Management raised its stake in Amphenol by 3.0% in the fourth quarter. Bar Harbor Wealth Management now owns 52,536 shares of the electronics maker’s stock valued at $3,649,000 after purchasing an additional 1,513 shares in the last quarter. Harbour Capital Advisors LLC grew its position in Amphenol by 18.6% in the fourth quarter. Harbour Capital Advisors LLC now owns 39,881 shares of the electronics maker’s stock worth $2,796,000 after acquiring an additional 6,245 shares in the last quarter. Clean Yield Group increased its position in shares of Amphenol by 7.4% during the 4th quarter. Clean Yield Group now owns 3,888 shares of the electronics maker’s stock valued at $270,000 after purchasing an additional 268 shares during the last quarter. Cooper Financial Group raised its stake in shares of Amphenol by 19.9% during the fourth quarter. Cooper Financial Group now owns 5,959 shares of the electronics maker’s stock worth $414,000 after acquiring an additional 989 shares in the last quarter. Finally, Wedmont Private Capital raised its position in Amphenol by 6.6% in the 4th quarter. Wedmont Private Capital now owns 23,476 shares of the electronics maker’s stock worth $1,648,000 after purchasing an additional 1,446 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on APH. Bank of America increased their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Truist Financial lifted their price objective on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. TD Cowen lifted their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird increased their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Trading Down 2.7 %

NYSE:APH opened at $68.31 on Tuesday. The stock has a market cap of $82.36 billion, a price-to-earnings ratio of 39.26, a PEG ratio of 2.44 and a beta of 1.24. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average price is $72.00 and its 200-day moving average price is $67.67. Amphenol Co. has a 52 week low of $47.38 and a 52 week high of $75.78.

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

Amphenol Dividend Announcement

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

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at $14,997,656.16. This represents a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock valued at $128,858,080 over the last 90 days. 1.80% of the stock is currently owned by corporate 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.