Cwm LLC Boosts Holdings in Amphenol Co. (NYSE:APH)

Cwm LLC boosted its position in shares of Amphenol Co. (NYSE:APH) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,911 shares of the electronics maker’s stock after acquiring an additional 1,423 shares during the period. Cwm LLC’s holdings in Amphenol were worth $1,478,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Peoples Bank KS purchased a new stake in Amphenol during the third quarter valued at approximately $27,000. Venturi Wealth Management LLC raised its holdings in shares of Amphenol by 75.5% in the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after buying an additional 142 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Amphenol by 70.8% in the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after buying an additional 138 shares during the last quarter. Mendota Financial Group LLC purchased a new position in shares of Amphenol in the fourth quarter worth $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Amphenol in the third quarter worth $34,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Up 1.2 %

APH stock opened at $120.49 on Friday. The firm has a market cap of $72.48 billion, a PE ratio of 36.85, a P/E/G ratio of 3.10 and a beta of 1.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 2.06. The firm’s fifty day moving average is $112.04 and its 200 day moving average is $99.70. Amphenol Co. has a one year low of $72.77 and a one year high of $121.25.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter last year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, research analysts forecast that Amphenol Co. will post 3.29 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were given a $0.22 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.73%. Amphenol’s dividend payout ratio (DPR) is 26.91%.

Amphenol declared that its board has authorized a stock buyback program on Wednesday, April 24th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have issued reports on APH. Truist Financial raised their price target on shares of Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group increased their price objective on shares of Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America increased their price objective on shares of Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Evercore ISI increased their price objective on shares of Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.83.

Insider Activity

In other news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the transaction, the chief financial officer now directly owns 147,045 shares in the company, valued at $15,391,200.15. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock worth $31,846,050 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

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.