Mediolanum International Funds Ltd Buys 9,345 Shares of Amphenol Co. (NYSE:APH)

Mediolanum International Funds Ltd raised its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,861 shares of the electronics maker's stock after purchasing an additional 9,345 shares during the quarter. Mediolanum International Funds Ltd's holdings in Amphenol were worth $5,883,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APH. Sunbelt Securities Inc. grew its stake in Amphenol by 100.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker's stock valued at $44,000 after buying an additional 324 shares during the last quarter. Truist Financial Corp lifted its holdings in Amphenol by 83.4% during the 2nd quarter. Truist Financial Corp now owns 183,441 shares of the electronics maker's stock worth $12,358,000 after purchasing an additional 83,435 shares during the last quarter. Cetera Investment Advisers boosted its stake in Amphenol by 71.0% in the 2nd quarter. Cetera Investment Advisers now owns 164,068 shares of the electronics maker's stock valued at $11,053,000 after purchasing an additional 68,103 shares during the period. Clearbridge Investments LLC increased its position in Amphenol by 112.3% during the 2nd quarter. Clearbridge Investments LLC now owns 285,372 shares of the electronics maker's stock worth $19,225,000 after buying an additional 150,933 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Amphenol in the second quarter valued at about $2,731,000. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Down 0.1 %

APH traded down $0.06 during trading on Tuesday, hitting $70.06. The company's stock had a trading volume of 3,277,199 shares, compared to its average volume of 7,911,136. The firm has a market capitalization of $84.47 billion, a P/E ratio of 36.56, a PEG ratio of 2.17 and a beta of 1.23. Amphenol Co. has a twelve month low of $51.03 and a twelve month high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The stock's fifty day moving average price is $71.82 and its 200-day moving average price is $68.04.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. Amphenol's revenue was up 29.8% on a year-over-year basis. Analysts anticipate that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. Amphenol's dividend payout ratio (DPR) is presently 34.46%.

Insider Transactions at Amphenol

In other news, VP David M. Silverman sold 180,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the sale, the vice president now owns 14,000 shares in the company, valued at $1,005,340. This represents a 92.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now owns 318,116 shares in the company, valued at approximately $22,764,380.96. This trade represents a 48.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 612,000 shares of company stock valued at $44,177,640 over the last ninety days. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

APH has been the topic of a number of recent research reports. Evercore ISI lifted their price objective 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. Citigroup increased their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird upped their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Five 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's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.68.

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.