Citigroup Inc. Boosts Holdings in Amphenol Co. (NYSE:APH)

Citigroup Inc. grew its holdings in shares of Amphenol Co. (NYSE:APHFree Report) by 4.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 551,044 shares of the electronics maker’s stock after acquiring an additional 25,975 shares during the quarter. Citigroup Inc. owned 0.09% of Amphenol worth $46,282,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in APH. Vontobel Holding Ltd. raised its stake in shares of Amphenol by 8.2% during the first quarter. Vontobel Holding Ltd. now owns 13,325 shares of the electronics maker’s stock worth $1,022,000 after acquiring an additional 1,006 shares in the last quarter. Sei Investments Co. raised its stake in shares of Amphenol by 4.0% during the first quarter. Sei Investments Co. now owns 168,360 shares of the electronics maker’s stock worth $12,716,000 after acquiring an additional 6,405 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Amphenol by 56.7% during the first quarter. Canada Pension Plan Investment Board now owns 264,188 shares of the electronics maker’s stock worth $19,906,000 after acquiring an additional 95,613 shares in the last quarter. Prudential PLC purchased a new position in shares of Amphenol in the first quarter worth $857,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Amphenol in the first quarter worth $245,000. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APH has been the topic of several analyst reports. Robert W. Baird lifted their target price on shares of Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Stifel Nicolaus lifted their target price on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Truist Financial lifted their target price on shares of Amphenol from $97.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Citigroup began coverage on shares of Amphenol in a research note on Friday, January 5th. They issued a “buy” rating and a $117.00 target price on the stock. Finally, The Goldman Sachs Group boosted their price objective on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $102.11.

Get Our Latest Stock Analysis on Amphenol

Insider Activity

In other news, VP David M. Silverman sold 75,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $89.51, for a total transaction of $6,713,250.00. Following the sale, the vice president now owns 7,000 shares in the company, valued at approximately $626,570. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP David M. Silverman sold 75,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $89.51, for a total value of $6,713,250.00. Following the transaction, the vice president now owns 7,000 shares in the company, valued at approximately $626,570. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the transaction, the vice president now owns 25,700 shares in the company, valued at approximately $2,692,075. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 360,000 shares of company stock worth $36,346,500. Corporate insiders own 2.22% of the company’s stock.

Amphenol Stock Up 0.4 %

Shares of Amphenol stock opened at $105.29 on Monday. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $98.15 and its two-hundred day simple moving average is $90.11. The company has a market cap of $63.16 billion, a P/E ratio of 33.86, a PEG ratio of 3.07 and a beta of 1.30. Amphenol Co. has a 12-month low of $72.00 and a 12-month high of $105.41.

Amphenol (NYSE:APHGet Free Report) last announced its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts anticipate that Amphenol Co. will post 3.26 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

About Amphenol

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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