Geneva Capital Management LLC Has $41.28 Million Stake in Amphenol Co. (NYSE:APH)

Geneva Capital Management LLC cut its position in Amphenol Co. (NYSE:APH) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 416,397 shares of the electronics maker’s stock after selling 15,171 shares during the quarter. Geneva Capital Management LLC owned about 0.07% of Amphenol worth $41,277,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peoples Bank KS bought a new stake in shares of Amphenol in the third quarter valued at approximately $27,000. Mendota Financial Group LLC acquired a new stake in shares of Amphenol during the 4th quarter worth $33,000. Venturi Wealth Management LLC increased its position 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 purchasing an additional 142 shares during the period. Avior Wealth Management LLC raised its stake in Amphenol by 70.8% in the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 138 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Amphenol during the third quarter worth about $34,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on APH. Truist Financial boosted their target price on shares of Amphenol from $121.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Citigroup lifted their price target on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Robert W. Baird upped their price objective on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. The Goldman Sachs Group raised their price objective on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Evercore ISI boosted their target price on Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $118.83.

Amphenol Trading Up 0.8 %

APH traded up $1.01 during trading on Thursday, reaching $127.62. 2,642,271 shares of the company’s stock were exchanged, compared to its average volume of 2,908,456. The stock has a market capitalization of $76.65 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 3.11 and a beta of 1.27. The firm has a fifty day moving average price of $114.61 and a two-hundred day moving average price of $102.06. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41. Amphenol Co. has a one year low of $72.77 and a one year high of $127.78.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the business posted $0.69 earnings per share. Amphenol’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Amphenol Co. will post 3.35 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.88 annualized dividend and a yield of 0.69%. Amphenol’s payout ratio is 26.91%.

Amphenol declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Amphenol

In other Amphenol news, insider Peter Straub sold 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

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.