Investment Management Corp of Ontario Has $2.60 Million Position in Amphenol Co. (NYSE:APH)

Investment Management Corp of Ontario grew its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 48.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,946 shares of the electronics maker's stock after purchasing an additional 13,000 shares during the period. Investment Management Corp of Ontario's holdings in Amphenol were worth $2,603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Fortitude Family Office LLC boosted its position in shares of Amphenol by 13.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker's stock valued at $84,000 after purchasing an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Amphenol by 50.0% in 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 during the period. New England Capital Financial Advisors LLC boosted its holdings in shares of Amphenol by 100.0% in 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 during the period. Prime Capital Investment Advisors LLC boosted its holdings in shares of Amphenol by 4.6% in 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 during the period. Finally, Beacon Capital Management LLC boosted its holdings in shares of Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock worth $25,000 after buying an additional 206 shares during the period. Institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on APH. 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. TD Cowen raised their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a report on Friday, October 25th. Bank of America raised their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Truist Financial raised their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Robert W. Baird raised their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $69.63.

Amphenol Stock Down 0.0 %

APH traded down $0.01 during midday trading on Thursday, hitting $74.39. 6,686,482 shares of the company's stock traded hands, compared to its average volume of 6,577,563. The company has a market cap of $89.69 billion, a PE ratio of 42.75, a price-to-earnings-growth ratio of 2.43 and a beta of 1.24. The stock's fifty day simple moving average is $69.15 and its 200-day simple moving average is $66.91. 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 one year low of $45.92 and a one year high of $74.93.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS 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 company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The company's quarterly revenue was up 26.3% compared to the same quarter last year. As a group, equities analysts anticipate that Amphenol Co. will post 1.84 earnings per share 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 $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Tuesday, December 17th. Amphenol's dividend payout ratio is 37.93%.

Insider Activity

In other news, insider Peter Straub sold 132,000 shares of the firm's 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the completion of the sale, the chief financial officer now owns 318,116 shares in the company, valued at approximately $22,764,380.96. The trade was a 48.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 over the last 90 days. 1.80% of the stock is currently 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.