14,895 Shares in Amphenol Co. (NYSE:APH) Purchased by Morse Asset Management Inc

Morse Asset Management Inc acquired a new position in Amphenol Co. (NYSE:APH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,895 shares of the electronics maker’s stock, valued at approximately $1,034,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tacita Capital Inc grew its stake in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new position in Amphenol in the 4th quarter worth about $28,000. Rialto Wealth Management LLC bought a new position in Amphenol in the 4th quarter worth about $28,000. Rakuten Securities Inc. grew its stake in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in Amphenol in the 4th quarter worth about $32,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group restated a “buy” rating and issued a $85.00 target price (up from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. The Goldman Sachs Group increased their price objective on shares of Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research note on Thursday, April 24th. Finally, Truist Financial increased their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.62.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 175,000 shares of Amphenol stock in a transaction on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the sale, the vice president now owns 51,400 shares of the company’s stock, valued at $3,920,792. The trade was a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,178,500 shares of company stock worth $241,903,805. Company insiders own 1.67% of the company’s stock.

Amphenol Price Performance

Shares of APH opened at $84.45 on Tuesday. The company has a market cap of $102.15 billion, a price-to-earnings ratio of 44.10, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $84.98. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a 50 day moving average of $68.49 and a two-hundred day moving average of $69.94.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue was up 47.7% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share. As a group, analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.78%. Amphenol’s payout ratio is currently 32.04%.

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.