Cornerstone Wealth Management LLC Has $527,000 Holdings in Amphenol Co. (NYSE:APH)

Cornerstone Wealth Management LLC lifted its position in Amphenol Co. (NYSE:APH) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,592 shares of the electronics maker’s stock after purchasing an additional 200 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Amphenol were worth $527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of Amphenol during the 2nd quarter worth about $242,000. Public Sector Pension Investment Board lifted its stake in Amphenol by 246.5% during the second quarter. Public Sector Pension Investment Board now owns 45,942 shares of the electronics maker’s stock worth $3,095,000 after purchasing an additional 32,685 shares during the period. Insigneo Advisory Services LLC boosted its holdings in Amphenol by 103.1% during the second quarter. Insigneo Advisory Services LLC now owns 5,140 shares of the electronics maker’s stock valued at $346,000 after purchasing an additional 2,609 shares in the last quarter. AXA S.A. grew its stake in shares of Amphenol by 210.2% in the 2nd quarter. AXA S.A. now owns 126,462 shares of the electronics maker’s stock valued at $8,520,000 after purchasing an additional 85,694 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Amphenol by 118.1% in the 2nd quarter. AQR Capital Management LLC now owns 579,382 shares of the electronics maker’s stock worth $39,033,000 after buying an additional 313,723 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Truist Financial boosted their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday. The Goldman Sachs Group increased their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird boosted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. Five equities research 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 stock. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average price target of $80.68.

Insider Buying and Selling at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by insiders.

Amphenol Stock Down 1.9 %

Shares of APH opened at $77.10 on Friday. The firm has a market capitalization of $92.95 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 2.12 and a beta of 1.24. Amphenol Co. has a 52 week low of $49.38 and a 52 week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 2.37. The business’s fifty day moving average price is $72.12 and its two-hundred day moving average price is $68.00.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4,051,810 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 earnings per share. On average, analysts predict that Amphenol Co. will post 2.17 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were issued a $0.165 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.86%. Amphenol’s dividend payout ratio is currently 34.55%.

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.