Turtle Creek Wealth Advisors LLC Grows Position in Amphenol Co. (NYSE:APH)

Turtle Creek Wealth Advisors LLC increased its holdings in Amphenol Co. (NYSE:APH) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,666 shares of the electronics maker’s stock after acquiring an additional 816 shares during the quarter. Amphenol makes up about 1.2% of Turtle Creek Wealth Advisors LLC’s investment portfolio, making the stock its 27th largest position. Turtle Creek Wealth Advisors LLC’s holdings in Amphenol were worth $5,843,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. KPP Advisory Services LLC raised its holdings in Amphenol by 10.0% in the third quarter. KPP Advisory Services LLC now owns 8,235 shares of the electronics maker’s stock worth $537,000 after purchasing an additional 749 shares in the last quarter. Natixis Advisors LLC raised its holdings in Amphenol by 7.6% in the third quarter. Natixis Advisors LLC now owns 2,519,728 shares of the electronics maker’s stock worth $164,185,000 after purchasing an additional 177,564 shares in the last quarter. First Long Island Investors LLC bought a new position in Amphenol in the third quarter worth about $387,000. Empirical Finance LLC raised its holdings in Amphenol by 2.1% in the third quarter. Empirical Finance LLC now owns 41,007 shares of the electronics maker’s stock worth $2,672,000 after purchasing an additional 854 shares in the last quarter. Finally, Connable Office Inc. raised its holdings in Amphenol by 47.2% in the third quarter. Connable Office Inc. now owns 48,390 shares of the electronics maker’s stock worth $3,153,000 after purchasing an additional 15,516 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Amphenol stock traded down $2.03 during mid-day trading on Friday, hitting $70.52. The company had a trading volume of 7,410,371 shares, compared to its average volume of 6,648,227. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 12-month low of $44.44 and a 12-month high of $74.70. The company’s fifty day moving average is $66.68 and its 200-day moving average is $65.97. The company has a market capitalization of $85.02 billion, a price-to-earnings ratio of 40.52, a P/E/G ratio of 2.40 and a beta of 1.23.

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

Amphenol Dividend Announcement

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

Wall Street Analyst Weigh In

APH has been the topic of several recent analyst reports. Evercore ISI upped their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Vertical Research initiated coverage on shares of Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. Truist Financial upped their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen upped their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Robert W. Baird upped their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five research 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.63.

Insider Activity

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the transaction, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at $133,136,890.88. The trade was 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. Corporate insiders own 1.80% of the company’s stock.

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.