Atria Wealth Solutions Inc. Has $600,000 Stock Holdings in Amphenol Co. (NYSE:APH)

Atria Wealth Solutions Inc. grew its stake in Amphenol Co. (NYSE:APH) by 94.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,049 shares of the electronics maker’s stock after purchasing an additional 2,936 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Amphenol were worth $600,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of APH. Peoples Bank KS acquired a new stake in Amphenol during the third quarter worth approximately $27,000. Mendota Financial Group LLC acquired a new stake in Amphenol during the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC boosted its stake in Amphenol by 75.5% in the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 142 shares during the period. Avior Wealth Management LLC grew its holdings in Amphenol by 70.8% in the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after buying an additional 138 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Amphenol during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

APH has been the topic of several research reports. Jefferies Financial Group assumed coverage on shares of Amphenol in a research note on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price target on the stock. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Truist Financial increased their price target on Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. The Goldman Sachs Group lifted their price objective on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, UBS Group raised their price target on Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.83.

Amphenol Stock Up 1.4 %

Shares of NYSE APH opened at $122.64 on Friday. Amphenol Co. has a 12 month low of $72.77 and a 12 month high of $123.60. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41. The company has a market cap of $73.66 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 3.07 and a beta of 1.27. The stock has a 50-day moving average price of $113.58 and a two-hundred day moving average price of $101.01.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share. As a group, analysts forecast that Amphenol Co. will post 3.35 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be given a $0.22 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.72%. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Amphenol announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Amphenol

In related news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the sale, the chief financial officer now directly owns 147,045 shares in the company, valued at $15,391,200.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the transaction, the chief financial officer now owns 147,045 shares in the company, valued at $15,391,200.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Peter Straub sold 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Insiders sold 135,000 shares of company stock worth $14,251,050 over the last ninety days. 1.80% of the stock is owned by insiders.

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.