Rheos Capital Works Inc. Raises Holdings in Amphenol Co. (NYSE:APH)

Rheos Capital Works Inc. increased its position in shares of Amphenol Co. (NYSE:APH) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,700 shares of the electronics maker’s stock after buying an additional 11,700 shares during the period. Rheos Capital Works Inc.’s holdings in Amphenol were worth $5,535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Trifecta Capital Advisors LLC boosted its position in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares in the last quarter. Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the fourth quarter valued at about $32,000. Continuum Advisory LLC boosted its holdings in shares of Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the last quarter. Finally, Endeavor Private Wealth Inc. purchased a new position in Amphenol in the fourth quarter worth $49,000. 97.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total value of $12,925,800.00. Following the sale, the vice president now directly owns 14,000 shares in the company, valued at approximately $1,005,340. The trade was a 92.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of the 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 transaction, the chief financial officer now directly owns 318,116 shares of the company’s stock, valued at $22,764,380.96. The trade was a 48.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 612,000 shares of company stock worth $44,177,640. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

Shares of APH stock opened at $70.75 on Monday. The stock has a market cap of $85.29 billion, a PE 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 has a 50-day simple moving average of $71.89 and a 200-day simple moving average of $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 released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, equities analysts expect that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Dividend Announcement

The company 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. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. Amphenol’s payout ratio is 34.46%.

Wall Street Analyst Weigh In

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

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.