Amphenol Co. (NYSE:APH) Stake Boosted by Running Oak Capital LLC

Running Oak Capital LLC grew its holdings in Amphenol Co. (NYSE:APH) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,988 shares of the electronics maker’s stock after purchasing an additional 12,613 shares during the quarter. Amphenol makes up 2.0% of Running Oak Capital LLC’s portfolio, making the stock its 3rd biggest position. Running Oak Capital LLC’s holdings in Amphenol were worth $10,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valeo Financial Advisors LLC grew its position in Amphenol by 21.8% during the 3rd quarter. Valeo Financial Advisors LLC now owns 3,014 shares of the electronics maker’s stock worth $253,000 after purchasing an additional 540 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Amphenol by 1.2% during the third quarter. Commonwealth Equity Services LLC now owns 28,057 shares of the electronics maker’s stock worth $2,357,000 after buying an additional 340 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Amphenol by 16.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,601 shares of the electronics maker’s stock worth $890,000 after acquiring an additional 1,468 shares during the period. Mission Wealth Management LP purchased a new stake in shares of Amphenol during the 3rd quarter worth about $276,000. Finally, Dakota Wealth Management raised its holdings in Amphenol by 60.3% in the 3rd quarter. Dakota Wealth Management now owns 15,901 shares of the electronics maker’s stock worth $1,335,000 after purchasing an additional 5,981 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

Amphenol stock traded up $1.74 during midday trading on Thursday, reaching $121.00. The company’s stock had a trading volume of 2,463,955 shares, compared to its average volume of 2,906,648. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06. Amphenol Co. has a fifty-two week low of $72.77 and a fifty-two week high of $123.60. The stock’s 50 day simple moving average is $112.98 and its 200 day simple moving average is $100.59. The firm has a market capitalization of $72.67 billion, a PE ratio of 36.67, a P/E/G ratio of 3.07 and a beta of 1.27.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) 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 analyst estimates of $3.10 billion. During the same quarter in the prior year, the company earned $0.69 EPS. Amphenol’s revenue was up 9.5% on a year-over-year basis. On average, equities research analysts forecast that Amphenol Co. will post 3.34 earnings per share for the current year.

Amphenol announced that its board has initiated a stock 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 buy up to 2.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.73%. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 170,000 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at the SEC website. In other news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 147,045 shares in the company, valued at $15,391,200.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

APH has been the topic of a number of recent analyst reports. UBS Group increased their target price on Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Evercore ISI raised their price target on shares of Amphenol from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Citigroup raised their target price on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Truist Financial increased their price target on shares of Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $118.83.

About Amphenol

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.