Geode Capital Management LLC Grows Stock Holdings in Amphenol Co. (NYSE:APH)

Geode Capital Management LLC grew its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 2.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 24,666,093 shares of the electronics maker's stock after acquiring an additional 564,991 shares during the quarter. Geode Capital Management LLC owned about 2.05% of Amphenol worth $1,601,540,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of APH. Fortitude Family Office LLC boosted its position in shares of Amphenol by 13.9% during the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker's stock worth $84,000 after purchasing an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings 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 buying an additional 166 shares in the last quarter. New England Capital Financial Advisors LLC grew its position in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock worth $25,000 after buying an additional 188 shares in the last quarter. Prestige Wealth Management Group LLC increased its holdings 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 buying an additional 189 shares during the period. Finally, Prime Capital Investment Advisors LLC increased its holdings in shares of Amphenol by 4.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker's stock worth $294,000 after buying an additional 199 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on APH shares. Bank of America upped their price objective on shares of Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Evercore ISI raised their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Truist Financial boosted 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. TD Cowen lifted their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Finally, 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 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $69.63.

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by insiders.

Amphenol Price Performance

Shares of NYSE APH traded up $0.92 during trading on Wednesday, reaching $73.53. The company had a trading volume of 3,326,276 shares, compared to its average volume of 6,569,978. The stock has a 50-day moving average price of $69.69 and a two-hundred day moving average price of $67.03. Amphenol Co. has a twelve month low of $46.94 and a twelve month high of $74.93. The stock has a market capitalization of $88.65 billion, a PE ratio of 41.94, a price-to-earnings-growth ratio of 2.47 and a beta of 1.24. 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 (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The firm's revenue for the quarter was up 26.3% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. As a group, sell-side analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently disclosed 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol's dividend payout ratio is 37.93%.

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.