Harel Insurance Investments & Financial Services Ltd. Invests $76,000 in Amphenol Co. (NYSE:APH)

Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Amphenol Co. (NYSE:APH) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,088 shares of the electronics maker’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in APH. Trifecta Capital Advisors LLC boosted its position in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares during the period. Core Alternative Capital lifted its holdings in shares of Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 231 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares in the last quarter. Continuum Advisory LLC raised its position in Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in Amphenol by 100.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 324 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

Shares of NYSE:APH opened at $77.10 on Friday. The stock has a market capitalization of $92.95 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.12 and a beta of 1.24. The business has a 50-day moving average of $72.12 and a two-hundred day moving average of $68.00. Amphenol Co. has a fifty-two week low of $49.38 and a fifty-two week high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.33.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4,051,810 billion. During the same period in the previous year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, equities research analysts predict that Amphenol Co. will post 2.17 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.86%. Amphenol’s payout ratio is presently 34.55%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Cowen lifted their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Citigroup lifted their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Robert W. Baird upped their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, The Goldman Sachs Group lifted their price objective on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average target price of $80.68.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 in the last quarter. 1.80% of the stock is currently owned by company 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.