Beaumont Financial Advisors LLC Invests $338,000 in Amphenol Co. (NYSE:APH)

Beaumont Financial Advisors LLC acquired a new stake in shares of Amphenol Co. (NYSE:APH) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 4,868 shares of the electronics maker’s stock, valued at approximately $338,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of Amphenol in the second quarter worth approximately $242,000. AE Wealth Management LLC increased its holdings in shares of Amphenol by 154.7% in the 2nd quarter. AE Wealth Management LLC now owns 7,690 shares of the electronics maker’s stock worth $518,000 after buying an additional 4,671 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of Amphenol by 132.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 83,207 shares of the electronics maker’s stock valued at $5,606,000 after buying an additional 47,341 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Amphenol by 100.0% during the 2nd quarter. Gabelli Funds LLC now owns 83,000 shares of the electronics maker’s stock worth $5,592,000 after acquiring an additional 41,500 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Amphenol by 107.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,041 shares of the electronics maker’s stock worth $195,000 after acquiring an additional 1,576 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Amphenol stock opened at $77.84 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The firm has a market cap of $93.84 billion, a P/E ratio of 44.73, a P/E/G ratio of 1.89 and a beta of 1.24. Amphenol Co. has a 1-year low of $48.52 and a 1-year high of $78.25. The firm has a 50-day moving average of $71.75 and a 200-day moving average of $67.79.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4,051,810 billion. During the same quarter last year, the business posted $0.82 EPS. The business’s revenue was up 29.8% on a year-over-year basis. Sell-side analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s payout ratio is currently 37.93%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on APH shares. Citigroup lifted their price target on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Bank of America upped their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. TD Cowen lifted their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Robert W. Baird increased their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Evercore ISI lifted 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. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $69.79.

Insiders Place Their Bets

In related news, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were 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 of the company’s stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 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.