Stonehage Fleming Financial Services Holdings Ltd Invests $53.03 Million in Amphenol Co. (NYSE:APH)

Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Amphenol Co. (NYSE:APH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 763,566 shares of the electronics maker’s stock, valued at approximately $53,030,000. Amphenol makes up about 1.5% of Stonehage Fleming Financial Services Holdings Ltd’s investment portfolio, making the stock its 19th largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Trifecta Capital Advisors LLC increased its position in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares in the last quarter. Core Alternative Capital raised its position in Amphenol by 100.0% in the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 231 shares during the last quarter. Continuum Advisory LLC lifted its holdings in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after buying an additional 234 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in shares of Amphenol by 100.3% during the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 324 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on APH shares. Truist Financial raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup boosted their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Bank of America upped their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday. Finally, The Goldman Sachs Group boosted their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday. Five investment 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. According to data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $80.68.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. The trade was a 40.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last ninety days. 1.80% of the stock is owned by insiders.

Amphenol Trading Down 1.9 %

APH stock opened at $77.10 on Monday. Amphenol Co. has a 52 week low of $49.38 and a 52 week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 2.37. The company’s 50-day simple moving average is $72.12 and its 200 day simple moving average is $67.99. The company has a market capitalization of $92.95 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4,051,810 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period last year, the firm earned $0.82 earnings per share. As a group, sell-side analysts anticipate that Amphenol Co. will post 2.17 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. Amphenol’s dividend payout ratio (DPR) is currently 34.46%.

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.