MML Investors Services LLC Raises Stake in Amphenol Co. (NYSE:APH)

MML Investors Services LLC lifted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 14.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 117,884 shares of the electronics maker's stock after purchasing an additional 15,229 shares during the quarter. MML Investors Services LLC's holdings in Amphenol were worth $7,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp boosted 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 worth $2,468,301,000 after buying an additional 17,552,921 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Amphenol by 69.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker's stock worth $1,564,711,000 after purchasing an additional 9,487,387 shares during the last quarter. Mawer Investment Management Ltd. lifted its position in shares of Amphenol by 88.9% during the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker's stock worth $1,041,204,000 after purchasing an additional 7,275,279 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Amphenol by 116.6% during the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock worth $662,458,000 after purchasing an additional 5,293,292 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Amphenol by 263.0% during the second quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker's stock worth $240,935,000 after purchasing an additional 2,585,282 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APH has been the subject of several research analyst reports. Evercore ISI lifted their target price on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Bank of America lifted their target price on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. TD Cowen lifted their target price on Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Robert W. Baird lifted their price objective on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Truist Financial lifted their price objective on Amphenol from $76.00 to $82.00 and gave the company a "buy" 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 given a strong buy rating to the company's stock. According to MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and an average target price of $69.63.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the sale, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Insiders own 1.80% of the company's stock.

Amphenol Stock Up 0.1 %

APH traded up $0.07 on Thursday, hitting $73.60. The company had a trading volume of 4,121,105 shares, compared to its average volume of 6,559,774. The stock has a fifty day moving average price of $69.91 and a 200-day moving average price of $67.07. Amphenol Co. has a 12-month low of $46.94 and a 12-month high of $74.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The stock has a market capitalization of $88.73 billion, a price-to-earnings ratio of 42.26, a P/E/G ratio of 2.47 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last posted its 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 return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm's quarterly revenue was up 26.3% compared to the same quarter last year. Analysts predict that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.90%. Amphenol's payout ratio is 37.93%.

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.