Raymond James & Associates Has $15.95 Million Position in Amphenol Co. (NYSE:APH)

Raymond James & Associates reduced its stake in Amphenol Co. (NYSE:APHFree Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,920 shares of the electronics maker’s stock after selling 18,073 shares during the period. Raymond James & Associates’ holdings in Amphenol were worth $15,952,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of APH. Vontobel Holding Ltd. increased its holdings in shares of Amphenol by 8.2% in the first quarter. Vontobel Holding Ltd. now owns 13,325 shares of the electronics maker’s stock valued at $1,022,000 after purchasing an additional 1,006 shares during the last quarter. Sei Investments Co. grew its stake in shares of Amphenol by 4.0% in the first quarter. Sei Investments Co. now owns 168,360 shares of the electronics maker’s stock valued at $12,716,000 after acquiring an additional 6,405 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Amphenol by 56.7% in the first quarter. Canada Pension Plan Investment Board now owns 264,188 shares of the electronics maker’s stock valued at $19,906,000 after acquiring an additional 95,613 shares in the last quarter. Prudential PLC acquired a new position in shares of Amphenol in the first quarter valued at about $857,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Amphenol in the first quarter valued at about $245,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on APH. Citigroup began coverage on shares of Amphenol in a research note on Friday, January 5th. They issued a “buy” rating and a $117.00 price target on the stock. Robert W. Baird upped their price target on shares of Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. The Goldman Sachs Group increased their price objective on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Truist Financial increased their price objective on shares of Amphenol from $97.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Evercore ISI increased their price objective on shares of Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.40.

Get Our Latest Report on APH

Amphenol Stock Down 0.9 %

APH stock opened at $113.06 on Wednesday. The stock has a market capitalization of $67.82 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 3.29 and a beta of 1.30. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. Amphenol Co. has a 12 month low of $72.00 and a 12 month high of $119.59. The firm has a 50-day moving average price of $107.62 and a 200-day moving average price of $95.80.

Amphenol (NYSE:APHGet Free Report) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. As a group, equities research analysts anticipate that Amphenol Co. will post 3.28 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.78%. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the transaction, the chief financial officer now owns 147,045 shares in the company, valued at approximately $15,391,200.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the transaction, the chief financial officer now owns 147,045 shares in the company, valued at approximately $15,391,200.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 in the last quarter. 2.22% of the stock is owned by insiders.

Amphenol Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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