First Horizon Advisors Inc. Has $241,000 Stake in Amphenol Co. (NYSE:APH)

First Horizon Advisors Inc. boosted its position in Amphenol Co. (NYSE:APH) by 14.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,429 shares of the electronics maker’s stock after purchasing an additional 305 shares during the period. First Horizon Advisors Inc.’s holdings in Amphenol were worth $241,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Peoples Bank KS acquired a new stake in Amphenol during the 3rd quarter valued at approximately $27,000. Venturi Wealth Management LLC increased its position in shares of Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after buying an additional 142 shares during the period. Avior Wealth Management LLC raised its stake in Amphenol by 70.8% during the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after buying an additional 138 shares during the last quarter. Mendota Financial Group LLC acquired a new position in Amphenol in the fourth quarter valued at $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Amphenol during the third quarter valued at $34,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on APH shares. Bank of America boosted their price objective on Amphenol from $121.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. increased their price target on Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Robert W. Baird lifted their price objective on shares of Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Truist Financial increased their target price on shares of Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, Evercore ISI lifted 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. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.83.

Amphenol Trading Up 1.4 %

APH opened at $122.64 on Monday. The firm has a market capitalization of $73.66 billion, a PE ratio of 37.50, a P/E/G ratio of 3.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.43. Amphenol Co. has a fifty-two week low of $72.77 and a fifty-two week high of $123.60. The company’s 50-day moving average is $113.58 and its 200 day moving average is $101.27.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, research analysts predict that Amphenol Co. will post 3.35 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 18th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.72%. Amphenol’s dividend payout ratio is currently 26.91%.

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

Insider Activity at Amphenol

In other news, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 135,000 shares of company stock valued at $14,251,050 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

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.