Perigon Wealth Management LLC boosted its position in shares of Amphenol Co. (NYSE:APH – Free Report) by 12.9% in the fourth quarter, Holdings Channel reports. The firm owned 13,474 shares of the electronics maker’s stock after purchasing an additional 1,540 shares during the period. Perigon Wealth Management LLC’s holdings in Amphenol were worth $941,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Matrix Asset Advisors Inc. NY acquired a new position in shares of Amphenol in the 4th quarter valued at $212,000. Revolve Wealth Partners LLC increased its holdings in shares of Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock worth $701,000 after acquiring an additional 4,721 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new stake in shares of Amphenol during the fourth quarter worth about $1,870,000. Nilsine Partners LLC lifted its holdings in shares of Amphenol by 13.4% during the 4th quarter. Nilsine Partners LLC now owns 4,312 shares of the electronics maker’s stock valued at $299,000 after purchasing an additional 511 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Amphenol by 7.4% in the 4th quarter. Pacer Advisors Inc. now owns 106,969 shares of the electronics maker’s stock valued at $7,429,000 after purchasing an additional 7,328 shares during the period. Institutional investors own 97.01% of the company’s stock.
Insider Buying and Selling
In related news, 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Craig A. Lampo sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the sale, the chief financial officer now owns 318,116 shares of the company’s stock, valued at $22,764,380.96. This trade represents a 48.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 612,000 shares of company stock valued at $44,177,640. 1.80% of the stock is owned by insiders.
Amphenol Stock Performance
Amphenol (NYSE:APH – Get Free Report) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the firm earned $0.82 EPS. Amphenol’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, research analysts anticipate that Amphenol Co. will post 2.17 EPS for the current year.
Amphenol Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.92%. Amphenol’s dividend payout ratio is currently 34.46%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on APH. Bank of America lifted their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Truist Financial upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Evercore ISI increased their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Robert W. Baird boosted their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.
Read Our Latest Report on Amphenol
Amphenol Company 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.
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