MassMutual Private Wealth & Trust FSB Has $519,000 Stock Holdings in Amphenol Co. (NYSE:APH)

MassMutual Private Wealth & Trust FSB raised its stake in shares of Amphenol Co. (NYSE:APH) by 30.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,470 shares of the electronics maker’s stock after purchasing an additional 1,741 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Amphenol were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of APH. XTX Topco Ltd bought a new position in shares of Amphenol in the second quarter valued at approximately $242,000. Intech Investment Management LLC raised its position in Amphenol by 80.2% in the 2nd quarter. Intech Investment Management LLC now owns 23,225 shares of the electronics maker’s stock valued at $1,565,000 after purchasing an additional 10,337 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Amphenol by 12.4% in the second quarter. Canada Pension Plan Investment Board now owns 246,615 shares of the electronics maker’s stock worth $16,614,000 after purchasing an additional 27,159 shares in the last quarter. AE Wealth Management LLC increased its stake in shares of Amphenol by 154.7% in the second quarter. AE Wealth Management LLC now owns 7,690 shares of the electronics maker’s stock valued at $518,000 after buying an additional 4,671 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Amphenol by 79.4% in the second quarter. Pacer Advisors Inc. now owns 139,065 shares of the electronics maker’s stock valued at $9,369,000 after buying an additional 61,559 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Trading Up 4.8 %

NYSE APH opened at $72.76 on Wednesday. Amphenol Co. has a twelve month low of $48.52 and a twelve month high of $75.78. The business’s fifty day moving average is $71.74 and its 200 day moving average is $67.76. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The company has a market cap of $87.72 billion, a price-to-earnings ratio of 41.82, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Amphenol’s revenue for the quarter was up 26.3% on a year-over-year basis. As a group, sell-side analysts expect that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup boosted their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. TD Cowen upped their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Bank of America lifted 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. Truist Financial upped their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Evercore ISI boosted their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.79.

Insiders Place Their Bets

In related news, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the sale, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $963,760. This trade represents a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company’s stock.

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.