Private Capital Advisors Inc. Makes New $16.60 Million Investment in Amphenol Co. (NYSE:APH)

Private Capital Advisors Inc. bought a new stake in Amphenol Co. (NYSE:APH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 238,969 shares of the electronics maker’s stock, valued at approximately $16,596,000. Amphenol comprises 2.0% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 11th largest position.

Other large investors have also recently made changes to their positions in the company. Fortitude Family Office LLC grew its position in Amphenol by 13.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after purchasing an additional 158 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after buying an additional 166 shares during the last quarter. Fragasso Financial Advisors Inc increased its position in Amphenol by 4.7% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after acquiring an additional 171 shares during the period. Prestige Wealth Management Group LLC raised its stake in Amphenol by 7.4% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock valued at $180,000 after acquiring an additional 189 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its stake in shares of Amphenol by 4.6% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock valued at $294,000 after purchasing an additional 199 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

Shares of APH opened at $78.54 on Friday. The company has a market capitalization of $94.69 billion, a price-to-earnings ratio of 45.14, a PEG ratio of 1.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a 1 year low of $49.38 and a 1 year high of $78.82. The company’s 50 day simple moving average is $71.86 and its 200 day simple moving average is $67.86.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4,051,810 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 earnings per share. On average, sell-side analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.84%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is 37.93%.

Insiders Place Their Bets

In other news, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $963,760. This trade represents a 92.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 over the last quarter. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. The Goldman Sachs Group boosted their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird raised their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday. TD Cowen lifted their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Truist Financial increased their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.92.

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.