Kovitz Investment Group Partners LLC Buys 133,858 Shares of Amphenol Co. (NYSE:APH)

Kovitz Investment Group Partners LLC lifted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 38.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 486,144 shares of the electronics maker's stock after acquiring an additional 133,858 shares during the period. Kovitz Investment Group Partners LLC's holdings in Amphenol were worth $30,728,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in APH. State Street Corp grew its holdings in Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock valued at $3,496,777,000 after buying an additional 1,537,880 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Amphenol by 92.0% during the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker's stock valued at $2,468,301,000 after acquiring an additional 17,552,921 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Amphenol by 69.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker's stock valued at $1,564,711,000 after acquiring an additional 9,487,387 shares during the last quarter. Mawer Investment Management Ltd. increased its holdings in Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker's stock valued at $1,041,204,000 after acquiring an additional 7,275,279 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Amphenol by 116.6% during the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock valued at $662,458,000 after purchasing an additional 5,293,292 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Trading Down 0.2 %

Shares of NYSE APH traded down $0.18 during midday trading on Friday, hitting $74.21. The company's stock had a trading volume of 5,232,262 shares, compared to its average volume of 5,573,978. The business's 50 day moving average is $69.15 and its two-hundred day moving average is $66.91. Amphenol Co. has a 12-month low of $45.92 and a 12-month high of $74.93. 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 firm has a market cap of $89.47 billion, a P/E ratio of 42.65, a price-to-earnings-growth ratio of 2.47 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, topping the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business's revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. As a group, equities research analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol's dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on APH. Truist Financial lifted their price objective on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. 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 report on Thursday, October 24th. TD Cowen boosted 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. Robert W. Baird increased 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. Finally, Bank of America upped their price objective on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and an average price target of $69.63.

Insider Activity

In other Amphenol news, insider Peter Straub sold 132,000 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares of the company's stock, valued at approximately $133,136,890.88. This represents a 31.76 % 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 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.