Bank Julius Baer & Co. Ltd Zurich Reduces Stock Holdings in Amphenol Co. (NYSE:APH)

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in Amphenol Co. (NYSE:APH) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,312 shares of the electronics maker’s stock after selling 6,215 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Amphenol were worth $8,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hixon Zuercher LLC lifted its position in Amphenol by 0.5% during the fourth quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker’s stock valued at $2,125,000 after buying an additional 104 shares during the period. Jacobsen Capital Management increased its holdings in Amphenol by 1.8% in the 4th quarter. Jacobsen Capital Management now owns 6,113 shares of the electronics maker’s stock worth $606,000 after buying an additional 108 shares in the last quarter. Strategic Blueprint LLC increased its holdings in Amphenol by 2.4% in the 4th quarter. Strategic Blueprint LLC now owns 4,844 shares of the electronics maker’s stock worth $480,000 after buying an additional 112 shares in the last quarter. Simon Quick Advisors LLC increased 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 in the last quarter. Finally, Drive Wealth Management LLC increased its holdings in Amphenol by 3.4% in the 4th quarter. Drive Wealth Management LLC now owns 3,573 shares of the electronics maker’s stock worth $355,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH stock traded up $1.48 during trading hours on Friday, reaching $120.49. 4,172,891 shares of the company traded hands, compared to its average volume of 2,887,212. Amphenol Co. has a 12-month low of $72.77 and a 12-month high of $121.25. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.48. The company has a market cap of $72.48 billion, a P/E ratio of 36.39, a P/E/G ratio of 3.10 and a beta of 1.30. The firm has a 50-day moving average price of $111.74 and a 200 day moving average price of $99.44.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the firm earned $0.69 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts predict that Amphenol Co. will post 3.29 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.73%. Amphenol’s dividend payout ratio is presently 26.91%.

Amphenol announced that its Board of Directors has authorized a share repurchase program on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the electronics maker to repurchase up to 2.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on APH. Truist Financial lifted their price objective on Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday. Evercore ISI lifted their price objective on Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday. Jefferies Financial Group began coverage on Amphenol in a research note on Tuesday, April 9th. They set a “hold” rating and a $125.00 price target for the company. Finally, Bank of America boosted their price target on Amphenol from $121.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $118.83.

Insider Buying and Selling at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the transaction, the chief financial officer now owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was 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 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 305,000 shares of company stock valued at $31,846,050 in the last quarter. 1.80% of the stock is owned by insiders.

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.