Curi RMB Capital LLC Makes New Investment in Amphenol Co. (NYSE:APH)

Curi RMB Capital LLC bought a new stake in Amphenol Co. (NYSE:APH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,507 shares of the electronics maker’s stock, valued at approximately $424,000.

Several other hedge funds also recently modified their holdings of APH. B. Riley Wealth Advisors Inc. grew its position in shares of Amphenol by 0.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after purchasing an additional 80 shares in the last quarter. TIAA Trust National Association grew its holdings in Amphenol by 4.7% during the 1st quarter. TIAA Trust National Association now owns 2,718 shares of the electronics maker’s stock valued at $314,000 after buying an additional 122 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its position in shares of Amphenol by 2.9% during the first quarter. Industrial Alliance Investment Management Inc. now owns 5,330 shares of the electronics maker’s stock valued at $615,000 after buying an additional 150 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of Amphenol by 13.9% in the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after buying an additional 158 shares in the last quarter. Finally, New England Capital Financial Advisors LLC boosted its position in shares of Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 188 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America increased their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. TD Cowen boosted their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Truist Financial raised their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Vertical Research assumed coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Finally, Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Insider Buying and Selling at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by insiders.

Amphenol Price Performance

Shares of Amphenol stock opened at $70.52 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a 52-week low of $44.44 and a 52-week high of $74.70. The company has a fifty day moving average of $66.68 and a 200-day moving average of $65.97. The stock has a market capitalization of $85.02 billion, a price-to-earnings ratio of 40.53, a price-to-earnings-growth ratio of 2.40 and a beta of 1.23.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. Equities research analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

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.