Amphenol Co. (NYSE:APH) Holdings Boosted by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Amphenol Co. (NYSE:APH) by 48.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,919 shares of the electronics maker’s stock after buying an additional 5,866 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Amphenol were worth $1,244,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. grew its stake in Amphenol by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 646,034 shares of the electronics maker’s stock valued at $43,523,000 after acquiring an additional 70,465 shares in the last quarter. Federated Hermes Inc. lifted its position in Amphenol by 4,215.3% in the 2nd quarter. Federated Hermes Inc. now owns 117,678 shares of the electronics maker’s stock worth $7,928,000 after buying an additional 114,951 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new stake in shares of Amphenol during the 2nd quarter valued at $407,000. Wealthspire Advisors LLC grew its holdings in shares of Amphenol by 80.9% during the 2nd quarter. Wealthspire Advisors LLC now owns 4,740 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 2,120 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Amphenol by 91.9% in the second quarter. J.W. Cole Advisors Inc. now owns 3,819 shares of the electronics maker’s stock worth $257,000 after acquiring an additional 1,829 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APH. Evercore ISI boosted their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen increased 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. Robert W. Baird lifted their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Bank of America increased their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Truist Financial lifted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Stock Up 2.6 %

APH stock opened at $70.11 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The company has a 50-day moving average of $72.01 and a two-hundred day moving average of $67.69. The stock has a market capitalization of $84.53 billion, a price-to-earnings ratio of 40.29, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. Amphenol Co. has a 52-week low of $47.38 and a 52-week high of $75.78.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 EPS. As a group, equities research analysts anticipate that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 150,000 shares of Amphenol 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 $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last ninety days. 1.80% of the stock is currently owned by insiders.

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.