Delta Investment Management LLC Buys 9,559 Shares of Amphenol Co. (NYSE:APH)

Delta Investment Management LLC lifted its stake in shares of Amphenol Co. (NYSE:APH) by 168.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,229 shares of the electronics maker’s stock after buying an additional 9,559 shares during the period. Delta Investment Management LLC’s holdings in Amphenol were worth $1,058,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of APH. USS Investment Management Ltd grew its holdings in shares of Amphenol by 582.4% in the fourth quarter. USS Investment Management Ltd now owns 244,307 shares of the electronics maker’s stock valued at $16,978,000 after acquiring an additional 208,507 shares in the last quarter. Waverly Advisors LLC purchased a new position in Amphenol in the fourth quarter worth $291,000. Worldquant Millennium Advisors LLC bought a new position in Amphenol in the 4th quarter valued at $19,381,000. Vident Advisory LLC increased its position in shares of Amphenol by 6.4% during the 4th quarter. Vident Advisory LLC now owns 49,483 shares of the electronics maker’s stock valued at $3,437,000 after purchasing an additional 2,975 shares during the last quarter. Finally, Sone Capital Management LLC bought a new stake in shares of Amphenol during the 4th quarter worth $13,059,000. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. UBS Group reiterated 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. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research note on Thursday, April 24th. Robert W. Baird upped their price objective on Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Finally, Truist Financial increased their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.62.

Amphenol Price Performance

Shares of NYSE APH opened at $86.27 on Tuesday. The stock has a fifty day moving average of $70.88 and a 200-day moving average of $70.57. The stock has a market cap of $104.35 billion, a PE ratio of 45.05, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $86.96.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the firm earned $0.40 EPS. The company’s quarterly revenue was up 47.7% compared to the same quarter last year. Equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.77%. The ex-dividend date is Tuesday, June 17th. Amphenol’s payout ratio is 32.04%.

Insider Activity

In related news, insider William J. Doherty sold 126,000 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David M. Silverman sold 87,500 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.03, for a total value of $7,002,625.00. Following the completion of the sale, the vice president now directly owns 12,500 shares in the company, valued at approximately $1,000,375. The trade was a 87.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock worth $241,903,805 in the last three months. Corporate insiders own 1.67% 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.