Kestra Advisory Services LLC Purchases 127,315 Shares of Amphenol Corporation $APH

Kestra Advisory Services LLC lifted its holdings in Amphenol Corporation (NYSE:APH) by 182.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,228 shares of the electronics maker’s stock after acquiring an additional 127,315 shares during the period. Kestra Advisory Services LLC’s holdings in Amphenol were worth $16,626,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vaquero Private Wealth Ltd. acquired a new stake in shares of Amphenol in the second quarter valued at about $32,000. Clal Insurance Enterprises Holdings Ltd lifted its position in Amphenol by 85.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 91 shares in the last quarter. Tompkins Financial Corp boosted its holdings in Amphenol by 81.9% in the 2nd quarter. Tompkins Financial Corp now owns 211 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 95 shares during the period. Wilkerson Advisory Group LLC boosted its holdings in Amphenol by 57.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 85 shares during the period. Finally, Elevation Wealth Partners LLC boosted its holdings in Amphenol by 54.5% in the 2nd quarter. Elevation Wealth Partners LLC now owns 241 shares of the electronics maker’s stock worth $42,000 after acquiring an additional 85 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amphenol news, CEO Richard Norwitt sold 799,576 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the transaction, the chief executive officer owned 3,855,014 shares of the company’s stock, valued at $317,961,554.72. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

APH has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Amphenol from $100.00 to $111.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Truist Financial upped their target price on shares of Amphenol from $107.50 to $112.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Erste Group Bank initiated coverage on shares of Amphenol in a report on Wednesday, October 21st. They set a “buy” rating for the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $116.00 price target (up from $102.00) on shares of Amphenol in a research note on Tuesday, October 6th. Finally, Bank of America boosted their price objective on shares of Amphenol from $99.00 to $104.00 and gave the stock a “buy” rating in a report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $108.32.

Amphenol Price Performance

APH opened at $74.67 on Monday. The company has a 50-day moving average of $81.29 and a 200-day moving average of $75.53. The company has a market capitalization of $184.39 billion, a P/E ratio of 32.47, a PEG ratio of 0.89 and a beta of 1.27. Amphenol Corporation has a 1-year low of $59.01 and a 1-year high of $89.93. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.42 and a current ratio of 1.94.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The business had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The company’s revenue for the quarter was up 65.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. Equities analysts expect that Amphenol Corporation will post 2.84 EPS for the current fiscal year.

Amphenol announced that its board has initiated a stock buyback plan on Wednesday, October 28th that permits the company to buy back $4 billion in shares. This buyback authorization permits the electronics maker to reacquire up to 2% of its stock through open market purchases. Share buyback plans are often an indication that the company’s board believes its stock is undervalued.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 22nd. This is a decrease from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 annualized dividend and a yield of 0.8%. Amphenol’s payout ratio is currently 21.74%.

Amphenol Company Profile

Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, antennas and sensor products. Its offerings also include cable assemblies and related components used to transmit signals and power in electronic equipment and systems.

The company serves customers in a range of markets, including communications and information technology, automotive, aerospace and defense, industrial, mobile devices and data networks. Its products are used in applications such as vehicles, communications infrastructure, commercial aircraft and industrial equipment.

Founded in 1932, Amphenol has grown into a global manufacturer serving customers across the Americas, Europe and Asia.