Laurus Investment Counsel Inc. Invests $173,000 in Amphenol Co. (NYSE:APH)

Laurus Investment Counsel Inc. acquired a new position in Amphenol Co. (NYSE:APH) in the 4th quarter, Holdings Channel.com reports. The firm acquired 1,750 shares of the electronics maker’s stock, valued at approximately $173,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of APH. Aprio Wealth Management LLC bought a new position in Amphenol in the 4th quarter worth $222,000. Simon Quick Advisors LLC boosted its holdings in Amphenol by 2.2% in the 4th quarter. Simon Quick Advisors LLC now owns 5,421 shares of the electronics maker’s stock worth $537,000 after buying an additional 115 shares during the period. Pacer Advisors Inc. boosted its holdings in Amphenol by 94.7% in the 4th quarter. Pacer Advisors Inc. now owns 81,380 shares of the electronics maker’s stock worth $8,067,000 after buying an additional 39,584 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Amphenol by 0.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 130,929 shares of the electronics maker’s stock valued at $12,979,000 after purchasing an additional 461 shares during the last quarter. Finally, CVA Family Office LLC bought a new position in shares of Amphenol during the 4th quarter valued at about $96,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the sale, the chief financial officer now directly owns 147,045 shares in the company, valued at $15,391,200.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock valued at $31,846,050 over the last ninety days. 2.22% of the stock is owned by company insiders.

Amphenol Stock Performance

Amphenol stock opened at $115.30 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. Amphenol Co. has a 1-year low of $72.00 and a 1-year high of $119.59. The firm has a market capitalization of $69.16 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 3.23 and a beta of 1.30. The company’s 50-day moving average is $106.17 and its 200 day moving average is $94.99.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. Research analysts forecast that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, March 18th. Amphenol’s payout ratio is 28.30%.

Wall Street Analyst Weigh In

Several research firms have commented on APH. The Goldman Sachs Group increased their price objective on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Stifel Nicolaus increased their price objective on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Robert W. Baird increased their price target on shares of Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Evercore ISI increased their price target on shares of Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Monday. Finally, Truist Financial increased their price target on shares of Amphenol from $97.00 to $109.00 and gave the company a “buy” rating in a report on Friday, December 15th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.40.

Amphenol Company 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.