Avity Investment Management Inc. Has $47.30 Million Holdings in Amphenol Co. (NYSE:APH)

Avity Investment Management Inc. increased its position in Amphenol Co. (NYSE:APHFree Report) by 0.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 477,157 shares of the electronics maker’s stock after buying an additional 636 shares during the period. Amphenol comprises approximately 4.2% of Avity Investment Management Inc.’s holdings, making the stock its 4th largest position. Avity Investment Management Inc. owned 0.08% of Amphenol worth $47,301,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of APH. Peoples Bank KS purchased a new stake in Amphenol in the 3rd quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Amphenol during the 3rd quarter valued at about $34,000. Sunbelt Securities Inc. purchased a new stake in shares of Amphenol during the 1st quarter valued at about $33,000. Altshuler Shaham Ltd purchased a new stake in shares of Amphenol during the 4th quarter valued at about $33,000. Finally, Montag A & Associates Inc. purchased a new stake in shares of Amphenol during the 3rd quarter valued at about $42,000. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the topic of several recent research reports. Robert W. Baird upped their target price on shares of Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Stifel Nicolaus upped their target price on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report 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 report 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 report on Friday, December 15th. Finally, Citigroup started coverage on shares of Amphenol in a research report on Friday, January 5th. They issued a “buy” rating and a $117.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.11.

Check Out Our Latest Research Report on APH

Insider Activity at Amphenol

In related news, insider Peter Straub sold 20,000 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amphenol news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The disclosure for this sale can be found here. Insiders sold 305,000 shares of company stock valued at $31,846,050 over the last 90 days. Insiders own 2.22% of the company’s stock.

Amphenol Stock Up 1.0 %

Shares of NYSE APH traded up $1.11 during midday trading on Wednesday, reaching $112.08. 1,780,061 shares of the company’s stock traded hands, compared to its average volume of 2,498,979. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The stock’s 50 day simple moving average is $104.75 and its 200-day simple moving average is $94.19. Amphenol Co. has a one year low of $72.00 and a one year high of $112.40. The company has a market cap of $67.23 billion, a price-to-earnings ratio of 36.04, a P/E/G ratio of 3.13 and a beta of 1.30.

Amphenol (NYSE:APHGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the firm earned $0.78 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Amphenol Co. will post 3.27 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.79%. Amphenol’s payout ratio is 28.30%.

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.

See Also

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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