Teachers Retirement System of The State of Kentucky Trims Stake in Amphenol Co. (NYSE:APH)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 42.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,697 shares of the electronics maker's stock after selling 65,573 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Amphenol were worth $5,845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fortitude Family Office LLC boosted its holdings in Amphenol by 13.9% in the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker's stock worth $84,000 after acquiring an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after purchasing an additional 166 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 purchasing an additional 188 shares in the last quarter. Prestige Wealth Management Group LLC grew its position in Amphenol by 7.4% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker's stock valued at $180,000 after purchasing an additional 189 shares during the period. Finally, Prime Capital Investment Advisors LLC increased its stake in Amphenol by 4.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker's stock valued at $294,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of NYSE:APH traded up $0.01 during midday trading on Friday, reaching $73.61. The company had a trading volume of 5,436,662 shares, compared to its average volume of 6,555,143. Amphenol Co. has a 52-week low of $46.94 and a 52-week high of $74.93. The company's 50 day moving average price is $70.15 and its 200 day moving average price is $67.12. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The stock has a market cap of $88.74 billion, a P/E ratio of 42.30, a P/E/G ratio of 2.44 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.81 billion. During the same period in the previous year, the company earned $0.39 earnings per share. The company's quarterly revenue was up 26.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal 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 given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.90%. Amphenol's dividend payout ratio is presently 37.93%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Truist Financial raised their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. TD Cowen raised their price target 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. Evercore ISI boosted 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. Bank of America raised their target price on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Finally, Robert W. Baird upped their price target on Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $69.63.

Insider Transactions at Amphenol

In related news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the 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 sale, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by company insiders.

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.