Amphenol Co. (NYSE:APH) is Maren Capital LLC's 8th Largest Position

Maren Capital LLC boosted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,373,472 shares of the electronics maker's stock after buying an additional 109,458 shares during the quarter. Amphenol makes up 7.4% of Maren Capital LLC's holdings, making the stock its 8th biggest holding. Maren Capital LLC owned approximately 0.11% of Amphenol worth $89,495,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Texas Permanent School Fund Corp grew its stake in Amphenol by 61.1% in the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker's stock valued at $13,458,000 after acquiring an additional 75,753 shares during the period. United Services Automobile Association grew its holdings in Amphenol by 102.0% during the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker's stock worth $2,154,000 after buying an additional 16,149 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Amphenol by 50.9% during the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock worth $17,477,000 after buying an additional 90,450 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Amphenol by 22.3% during the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker's stock worth $6,966,000 after buying an additional 19,496 shares in the last quarter. Finally, LMR Partners LLP grew its stake in Amphenol by 315.1% in the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker's stock valued at $19,209,000 after purchasing an additional 223,784 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

NYSE:APH traded up $1.25 during mid-day trading on Wednesday, hitting $74.38. 4,002,690 shares of the company traded hands, compared to its average volume of 6,577,002. The stock's fifty day moving average price is $68.80 and its 200-day moving average price is $66.81. Amphenol Co. has a one year low of $45.47 and a one year high of $74.93. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The firm has a market cap of $89.67 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 2.43 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating 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 the consensus estimate of $3.81 billion. During the same period in the previous year, the business earned $0.39 earnings per share. The business's revenue was up 26.3% on a year-over-year basis. Research analysts anticipate that Amphenol Co. will post 1.84 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, January 8th. Investors of record on Tuesday, December 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. Amphenol's dividend payout ratio is currently 37.93%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on APH shares. Robert W. Baird upped their price objective on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Evercore ISI increased their price objective on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a report on Friday, October 25th. Bank of America raised their price target on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Finally, Truist Financial raised their price target 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $69.63.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 300,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total value of $21,468,000.00. Following the transaction, the chief financial officer now owns 318,116 shares of the company's stock, valued at $22,764,380.96. This represents a 48.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 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.