Confluence Investment Management LLC Has $25.15 Million Stake in Amphenol Co. (NYSE:APH)

Confluence Investment Management LLC reduced its stake in Amphenol Co. (NYSE:APH) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 362,192 shares of the electronics maker’s stock after selling 5,825 shares during the quarter. Confluence Investment Management LLC’s holdings in Amphenol were worth $25,154,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in shares of Amphenol by 13.9% during the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after buying an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares in the last quarter. Prestige Wealth Management Group LLC raised its holdings in shares of Amphenol by 7.4% in the third quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock valued at $180,000 after purchasing an additional 189 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its position in shares of Amphenol by 4.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock worth $294,000 after purchasing an additional 199 shares in the last quarter. Finally, Bell Investment Advisors Inc boosted its holdings in Amphenol by 83.3% during the second quarter. Bell Investment Advisors Inc now owns 462 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. TD Cowen lifted their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Robert W. Baird lifted their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Truist Financial increased their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America upped their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Stock Performance

NYSE APH traded up $0.10 during trading on Thursday, reaching $69.55. The company’s stock had a trading volume of 739,461 shares, compared to its average volume of 6,551,722. The firm has a 50 day moving average price of $71.69 and a 200 day moving average price of $67.56. Amphenol Co. has a 12 month low of $46.94 and a 12 month high of $75.78. The firm has a market capitalization of $83.85 billion, a price-to-earnings ratio of 39.97, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53.

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

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Insider Buying and Selling

In other news, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 over the last quarter. 1.80% of the stock is owned by company insiders.

About Amphenol

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.