Resonant Capital Advisors LLC Raises Stock Holdings in Amphenol Co. (NYSE:APH)

Resonant Capital Advisors LLC increased its stake in shares of Amphenol Co. (NYSE:APH) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,237 shares of the electronics maker’s stock after purchasing an additional 389 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Amphenol were worth $1,409,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. raised its stake in Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after buying an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP purchased a new stake in Amphenol in the third quarter valued at about $113,828,000. State Street Corp raised its stake in Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after buying an additional 1,537,880 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Amphenol by 151.7% in the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock valued at $144,047,000 after buying an additional 1,332,298 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Amphenol by 157.2% in the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock valued at $125,899,000 after buying an additional 1,180,944 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on APH shares. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Evercore ISI increased their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.68.

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the transaction, the chief financial officer now owns 318,116 shares in the company, valued at approximately $22,764,380.96. This trade represents a 48.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 612,000 shares of company stock valued at $44,177,640. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Down 1.3 %

Amphenol stock opened at $70.75 on Monday. The firm has a market cap of $85.29 billion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. Amphenol Co. has a 52 week low of $50.48 and a 52 week high of $79.39. The business’s 50-day moving average price is $71.89 and its 200 day moving average price is $68.01. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company earned $0.82 earnings per share. Amphenol’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amphenol Co. will post 2.26 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s payout ratio is currently 34.46%.

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.