Russell Investments Group Ltd. Has $40.14 Million Position in Amphenol Co. (NYSE:APH)

Russell Investments Group Ltd. raised its position in Amphenol Co. (NYSE:APH) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 404,855 shares of the electronics maker’s stock after purchasing an additional 40,767 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of Amphenol worth $40,144,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of APH. Valeo Financial Advisors LLC grew its position in Amphenol by 21.8% in the third quarter. Valeo Financial Advisors LLC now owns 3,014 shares of the electronics maker’s stock worth $253,000 after acquiring an additional 540 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Amphenol by 1.2% during the third quarter. Commonwealth Equity Services LLC now owns 28,057 shares of the electronics maker’s stock worth $2,357,000 after buying an additional 340 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings 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 valued at $890,000 after buying an additional 1,468 shares in the last quarter. Xponance Inc. lifted its position in shares of Amphenol by 1.0% in the third quarter. Xponance Inc. now owns 101,349 shares of the electronics maker’s stock worth $8,512,000 after buying an additional 1,010 shares during the last quarter. Finally, Mission Wealth Management LP bought a new stake in shares of Amphenol during the 3rd quarter worth about $276,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amphenol

In related news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the sale, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Peter Straub sold 20,000 shares of the stock in a transaction that occurred on 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. In the last three months, insiders sold 305,000 shares of company stock valued at $31,846,050. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on APH shares. Stifel Nicolaus boosted their target price on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Bank of America boosted their price objective on shares of Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Truist Financial raised their target price on shares of Amphenol from $121.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Evercore ISI boosted their target price on shares of Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, UBS Group upped their price target on shares of Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.83.

Amphenol Trading Up 1.4 %

Shares of APH opened at $122.13 on Tuesday. The stock’s 50-day moving average price is $112.37 and its 200 day moving average price is $100.19. The company has a quick ratio of 1.43, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $73.47 billion, a price-to-earnings ratio of 37.35, a P/E/G ratio of 3.17 and a beta of 1.30. Amphenol Co. has a 12-month low of $72.77 and a 12-month high of $122.18.

Amphenol (NYSE:APH) last announced its quarterly earnings data 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 company 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%. Amphenol’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. As a group, research analysts predict that Amphenol Co. will post 3.34 earnings per share for the current year.

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

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio is 26.91%.

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.