J. Stern & Co. LLP Has $48.82 Million Stock Position in Amphenol Co. (NYSE:APH)

J. Stern & Co. LLP lifted its stake in Amphenol Co. (NYSE:APH) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 749,252 shares of the electronics maker’s stock after acquiring an additional 35,339 shares during the period. Amphenol accounts for approximately 5.2% of J. Stern & Co. LLP’s holdings, making the stock its 7th biggest position. J. Stern & Co. LLP’s holdings in Amphenol were worth $48,821,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC increased its holdings in shares of Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC grew its holdings in shares of Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol during the second quarter worth $29,000. Trifecta Capital Advisors LLC boosted its position in shares of 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 purchasing an additional 338 shares during the period. Finally, Sachetta LLC increased its stake in Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 249 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This represents a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were 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 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. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last 90 days. 1.80% of the stock is owned by company insiders.

Amphenol Stock Up 0.4 %

Shares of NYSE APH traded up $0.29 during mid-day trading on Tuesday, reaching $73.58. 383,189 shares of the company traded hands, compared to its average volume of 6,611,935. The company’s fifty day moving average is $67.85 and its two-hundred day moving average is $66.47. 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 fifty-two week low of $44.81 and a fifty-two week high of $74.93. The stock has a market cap of $88.71 billion, a PE ratio of 42.14, a price-to-earnings-growth ratio of 2.47 and a beta of 1.23.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, analysts expect that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. Amphenol’s dividend payout ratio is presently 37.93%.

Wall Street Analyst Weigh In

A number of research firms have commented on APH. TD Cowen upped their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Robert W. Baird boosted their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Truist Financial raised their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America increased their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Five research 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

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.