Caxton Associates LP Makes New $323,000 Investment in Amphenol Co. (NYSE:APH)

Caxton Associates LP purchased a new stake in Amphenol Co. (NYSE:APH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,646 shares of the electronics maker’s stock, valued at approximately $323,000.

Other institutional investors have also made changes to their positions in the company. Tacita Capital Inc raised its holdings in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter worth $28,000. Rialto Wealth Management LLC acquired a new position in Amphenol in the fourth quarter valued at about $28,000. Rakuten Securities Inc. lifted its position in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in Amphenol during the fourth quarter worth about $32,000. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial upped their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Citigroup lifted their price target on Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $81.62.

Amphenol Trading Up 1.6 %

APH opened at $80.95 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $82.27. The company’s 50 day moving average price is $67.39 and its two-hundred day moving average price is $69.64. The firm has a market capitalization of $97.91 billion, a price-to-earnings ratio of 42.27, a PEG ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 earnings per share. As a group, research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, June 17th. Amphenol’s dividend payout ratio is currently 32.04%.

Insider Activity at Amphenol

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the sale, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. This represents a 49.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 175,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,920,792. The trade was a 77.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,178,500 shares of company stock worth $241,903,805 over the last ninety days. Insiders own 1.67% of the company’s stock.

Amphenol 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.