Strong Tower Advisory Services Purchases 162 Shares of Amphenol Co. (NYSE:APH)

Strong Tower Advisory Services lifted its stake in Amphenol Co. (NYSE:APH) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,976 shares of the electronics maker’s stock after purchasing an additional 162 shares during the period. Strong Tower Advisory Services’ holdings in Amphenol were worth $493,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Elk River Wealth Management LLC boosted its position in shares of Amphenol by 0.8% in the 4th quarter. Elk River Wealth Management LLC now owns 61,511 shares of the electronics maker’s stock worth $6,111,000 after purchasing an additional 479 shares during the last quarter. LaFleur & Godfrey LLC boosted its position in shares of Amphenol by 19.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 28,924 shares of the electronics maker’s stock worth $2,867,000 after purchasing an additional 4,719 shares during the last quarter. Planned Solutions Inc. bought a new position in shares of Amphenol in the 4th quarter worth $59,000. Laurus Investment Counsel Inc. acquired a new stake in Amphenol during the 4th quarter worth $173,000. Finally, Aprio Wealth Management LLC acquired a new stake in Amphenol during the 4th quarter worth $222,000. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,000 shares of company stock valued at $31,846,050. 2.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on APH shares. Evercore ISI raised their price objective on Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday. Stifel Nicolaus lifted their price target on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Citigroup initiated coverage on Amphenol in a report on Friday, January 5th. They issued a “buy” rating and a $117.00 price target on the stock. Truist Financial boosted their price target on Amphenol from $97.00 to $109.00 and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Robert W. Baird upped their target price on Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.40.

Amphenol Price Performance

Shares of NYSE APH opened at $115.38 on Friday. The business’s 50 day moving average price is $106.57 and its two-hundred day moving average price is $95.13. The company has a market cap of $69.21 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 3.23 and a beta of 1.30. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. Amphenol Co. has a twelve month low of $72.00 and a twelve month high of $119.59.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, March 18th. Amphenol’s payout ratio is 28.30%.

Amphenol 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.