Amphenol Corporation $APH Stock: Hager Investment Management Services LLC Raises Position

Hager Investment Management Services LLC boosted its position in shares of Amphenol Corporation (NYSE:APH) by 90.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,787 shares of the electronics maker’s stock after acquiring an additional 20,840 shares during the period. Amphenol comprises 1.7% of Hager Investment Management Services LLC’s investment portfolio, making the stock its 17th biggest holding. Hager Investment Management Services LLC’s holdings in Amphenol were worth $3,691,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Amphenol by 85.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Your Advocates Ltd. LLP grew its stake in shares of Amphenol by 100.0% during the third quarter. Your Advocates Ltd. LLP now owns 300 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Retirement Wealth Solutions LLC grew its stake in shares of Amphenol by 831.2% during the third quarter. Retirement Wealth Solutions LLC now owns 298 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 266 shares in the last quarter. Sunrise Financial Services LLC increased its holdings in Amphenol by 100.0% in the third quarter. Sunrise Financial Services LLC now owns 324 shares of the electronics maker’s stock valued at $27,000 after buying an additional 162 shares during the last quarter. Finally, NFSG Corp purchased a new position in Amphenol in the third quarter valued at $28,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of analyst reports. BNP Paribas Exane raised their price target on Amphenol from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, October 29th. Erste Group Bank began coverage on Amphenol in a research report on Wednesday, October 21st. They set a “buy” rating for the company. Truist Financial increased their price objective on Amphenol from $107.50 to $112.00 and gave the company a “buy” rating in a report on Thursday, October 29th. UBS Group increased their price objective on Amphenol from $105.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Finally, Evercore set a $100.00 target price on Amphenol in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $108.32.

Amphenol Trading Up 0.1%

Shares of Amphenol stock opened at $74.67 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.99. The company has a fifty day simple moving average of $81.29 and a 200-day simple moving average of $75.53. The stock has a market cap of $184.39 billion, a price-to-earnings ratio of 32.47, a PEG ratio of 0.89 and a beta of 1.27. Amphenol Corporation has a 12-month low of $59.01 and a 12-month high of $89.93.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The firm had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period last year, the business earned $0.93 EPS. Amphenol’s revenue for the quarter was up 65.1% compared to the same quarter last year. On average, equities analysts forecast that Amphenol Corporation will post 2.84 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be paid a $0.15 dividend. This is a drop from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, December 22nd. Amphenol’s payout ratio is currently 21.74%.

Amphenol announced that its Board of Directors has initiated a share repurchase plan on Wednesday, October 28th that permits the company to repurchase $4 billion in shares. This repurchase authorization permits the electronics maker to buy up to 2% of its stock through open market purchases. Share repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, CEO Richard Norwitt sold 799,576 shares of Amphenol stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the sale, the chief executive officer owned 3,855,014 shares in the company, valued at approximately $317,961,554.72. The trade was a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.42% of the company’s stock.

Amphenol Profile

Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, antennas and sensor products. Its offerings also include cable assemblies and related components used to transmit signals and power in electronic equipment and systems.

The company serves customers in a range of markets, including communications and information technology, automotive, aerospace and defense, industrial, mobile devices and data networks. Its products are used in applications such as vehicles, communications infrastructure, commercial aircraft and industrial equipment.

Founded in 1932, Amphenol has grown into a global manufacturer serving customers across the Americas, Europe and Asia.