Independent Advisor Alliance Purchases 4,232 Shares of Amphenol Co. (NYSE:APH)

Independent Advisor Alliance raised its position in Amphenol Co. (NYSE:APH) by 106.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,224 shares of the electronics maker’s stock after purchasing an additional 4,232 shares during the period. Independent Advisor Alliance’s holdings in Amphenol were worth $536,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Amphenol by 92.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after buying an additional 17,552,921 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Amphenol by 69.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after purchasing an additional 9,487,387 shares during the period. Mawer Investment Management Ltd. increased its holdings in Amphenol by 88.9% during the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after purchasing an additional 7,275,279 shares in the last quarter. Legal & General Group Plc raised its position in Amphenol by 116.6% in the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after buying an additional 5,293,292 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Amphenol by 263.0% during the second quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker’s stock worth $240,935,000 after acquiring an additional 2,585,282 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America lifted their price objective 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. TD Cowen lifted their price objective 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. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial boosted their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird raised their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Insiders Place Their Bets

In other Amphenol news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the transaction, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at $14,997,656.16. The trade was a 40.75 % 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 valued at $128,858,080 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

Amphenol stock opened at $72.73 on Thursday. The business’s 50-day moving average price is $68.23 and its two-hundred day moving average price is $66.58. Amphenol Co. has a 12-month low of $44.90 and a 12-month high of $74.93. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The stock has a market cap of $87.68 billion, a PE ratio of 41.80, a P/E/G ratio of 2.44 and a beta of 1.23.

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

Amphenol Announces Dividend

The company 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 of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. Amphenol’s dividend payout ratio is currently 37.93%.

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.