147,540 Shares in Amphenol Co. (NYSE:APH) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new stake in Amphenol Co. (NYSE:APH - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 147,540 shares of the electronics maker's stock, valued at approximately $9,614,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Beacon Capital Management LLC boosted its position in Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock worth $25,000 after purchasing an additional 206 shares during the period. New England Capital Financial Advisors LLC lifted its holdings in shares of Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock worth $25,000 after acquiring an additional 188 shares during the last quarter. Sachetta LLC increased its holdings in shares of Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock worth $27,000 after buying an additional 249 shares during the period. Trifecta Capital Advisors LLC boosted its stake in shares of Amphenol by 352.1% during the third 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. Finally, New Millennium Group LLC purchased a new stake in Amphenol in the 2nd quarter worth approximately $31,000. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 150,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business'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 sale, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company's stock.

Amphenol Price Performance

APH stock traded up $0.01 during mid-day trading on Friday, reaching $73.61. 5,436,662 shares of the company's stock were exchanged, compared to its average volume of 6,555,143. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. Amphenol Co. has a 12-month low of $46.94 and a 12-month high of $74.93. The stock's 50 day moving average is $70.15 and its 200 day moving average is $67.12. The company has a market cap of $88.74 billion, a price-to-earnings ratio of 42.30, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24.

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

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. Amphenol's dividend payout ratio (DPR) is 37.93%.

Analyst Ratings Changes

APH has been the topic of several recent analyst reports. TD Cowen increased their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Bank of America lifted their price target 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. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Robert W. Baird increased their price target on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Truist Financial increased their target price on Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $69.63.

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.