Kestra Private Wealth Services LLC Makes New Investment in Amphenol Co. (NYSE:APH)

Kestra Private Wealth Services LLC purchased a new position in Amphenol Co. (NYSE:APH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,064 shares of the electronics maker’s stock, valued at approximately $601,000.

A number of other large investors have also modified their holdings of APH. Commonwealth Equity Services LLC boosted its holdings in shares of Amphenol by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 28,057 shares of the electronics maker’s stock worth $2,357,000 after purchasing an additional 340 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Amphenol by 16.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,601 shares of the electronics maker’s stock worth $890,000 after buying an additional 1,468 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Amphenol by 1.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 130,468 shares of the electronics maker’s stock worth $10,958,000 after acquiring an additional 2,125 shares during the last quarter. Strs Ohio raised its holdings in shares of Amphenol by 2.0% during the 3rd quarter. Strs Ohio now owns 153,594 shares of the electronics maker’s stock worth $12,900,000 after acquiring an additional 3,073 shares during the period. Finally, First Merchants Corp increased its position in Amphenol by 1.8% during the third quarter. First Merchants Corp now owns 127,482 shares of the electronics maker’s stock worth $10,707,000 after purchasing an additional 2,297 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE:APH opened at $122.64 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.43. Amphenol Co. has a 12 month low of $72.77 and a 12 month high of $123.60. The firm has a market capitalization of $73.66 billion, a P/E ratio of 37.50, a P/E/G ratio of 3.11 and a beta of 1.27. The company’s fifty day moving average price is $113.58 and its 200 day moving average price is $101.27.

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

Amphenol Announces Dividend

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

Amphenol announced that its Board of Directors has approved a share buyback plan on Wednesday, April 24th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

APH has been the topic of several analyst reports. Truist Financial lifted their price target on shares of Amphenol from $121.00 to $136.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Jefferies Financial Group began coverage on Amphenol in a report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price target for the company. Evercore ISI upped their target price on shares of Amphenol from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Finally, Citigroup increased their price objective on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.83.

Insider Activity

In related news, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the transaction, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Lance E. D’amico sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The disclosure for this sale can be found here. Insiders have sold a total of 135,000 shares of company stock valued at $14,251,050 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

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.