CWA Asset Management Group LLC Increases Stake in Amphenol Co. (NYSE:APH)

CWA Asset Management Group LLC boosted its stake in Amphenol Co. (NYSE:APH) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,719 shares of the electronics maker’s stock after purchasing an additional 426 shares during the quarter. CWA Asset Management Group LLC’s holdings in Amphenol were worth $675,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of APH. Nordea Investment Management AB lifted its stake in shares of Amphenol by 5.8% in the 4th quarter. Nordea Investment Management AB now owns 96,563 shares of the electronics maker’s stock valued at $6,724,000 after purchasing an additional 5,298 shares in the last quarter. GAMMA Investing LLC lifted its position in Amphenol by 15.1% during the fourth quarter. GAMMA Investing LLC now owns 35,570 shares of the electronics maker’s stock valued at $2,470,000 after buying an additional 4,676 shares in the last quarter. Versant Capital Management Inc grew its stake in Amphenol by 142.9% during the fourth quarter. Versant Capital Management Inc now owns 1,630 shares of the electronics maker’s stock worth $113,000 after buying an additional 959 shares during the period. Dudley & Shanley Inc. increased its position in shares of Amphenol by 0.4% in the third quarter. Dudley & Shanley Inc. now owns 438,370 shares of the electronics maker’s stock worth $28,564,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Amphenol by 73.9% in the 3rd quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker’s stock valued at $168,851,000 after acquiring an additional 1,101,368 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total value of $12,391,200.00. Following the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $963,760. The trade was a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Amphenol Price Performance

APH opened at $71.86 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a 1-year low of $47.38 and a 1-year high of $75.78. The company has a 50-day moving average of $71.86 and a 200-day moving average of $67.62. The company has a market capitalization of $86.64 billion, a P/E ratio of 41.30, a PEG ratio of 2.44 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings data 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. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. Amphenol’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Equities analysts expect that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.92%. Amphenol’s payout ratio is 37.93%.

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.