Board of the Pension Protection Fund Makes New $1.16 Million Investment in Amphenol Co. (NYSE:APH)

Board of the Pension Protection Fund bought a new position in shares of Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,700 shares of the electronics maker's stock, valued at approximately $1,160,000. Amphenol makes up 1.3% of Board of the Pension Protection Fund's holdings, making the stock its 5th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Trifecta Capital Advisors LLC raised its position in 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 in the last quarter. Core Alternative Capital increased its position in shares of Amphenol by 100.0% during the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker's stock valued at $31,000 after purchasing an additional 231 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock valued at $32,000 after buying an additional 166 shares in the last quarter. Continuum Advisory LLC lifted its position in Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock worth $32,000 after buying an additional 234 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker's stock worth $44,000 after buying an additional 324 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on APH. TD Cowen lifted their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Evercore ISI boosted their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Robert W. Baird upped their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Truist Financial lifted their price objective on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Bank of America increased 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. Five equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $69.63.

Insider Buying and Selling at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated 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 directly owns 1,934,848 shares of the company's stock, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction 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. The trade was a 40.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Corporate insiders own 1.80% of the company's stock.

Amphenol Trading Up 0.9 %

Shares of APH stock traded up $0.65 during trading hours on Wednesday, reaching $70.92. The company's stock had a trading volume of 6,061,070 shares, compared to its average volume of 5,588,324. 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 one year low of $47.38 and a one year high of $75.78. The stock has a market capitalization of $85.50 billion, a P/E ratio of 40.76, a P/E/G ratio of 2.44 and a beta of 1.24. The firm's fifty day simple moving average is $72.01 and its 200 day simple moving average is $67.69.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.81 billion. During the same quarter in the previous year, the company earned $0.39 earnings per share. Amphenol's quarterly revenue was up 26.3% on a year-over-year basis. Equities research analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. Amphenol's dividend payout ratio (DPR) is currently 37.93%.

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.