New York State Common Retirement Fund Reduces Stock Position in Amphenol Co. (NYSE:APH)

New York State Common Retirement Fund reduced its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 19.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,845,004 shares of the electronics maker's stock after selling 439,596 shares during the period. New York State Common Retirement Fund owned about 0.15% of Amphenol worth $120,220,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC increased its holdings in Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock worth $25,000 after purchasing an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC grew 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 valued at $25,000 after acquiring an additional 188 shares in the last quarter. Sachetta LLC grew its holdings in shares of Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC grew its holdings in shares of Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 338 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Amphenol in the second quarter valued at approximately $29,000. 97.01% of the stock is owned by institutional investors.

Amphenol Price Performance

APH traded up $0.99 during trading on Friday, reaching $68.01. The stock had a trading volume of 3,314,725 shares, compared to its average volume of 6,619,605. The stock has a market cap of $81.99 billion, a PE ratio of 39.21, a PEG ratio of 2.27 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a one year low of $41.03 and a one year high of $71.20. The business has a 50-day moving average of $65.21 and a 200-day moving average of $64.89.

Amphenol (NYSE:APH - Get Free Report) last released its 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. The business 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 was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. As a group, equities research analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business 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 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 0.97%. Amphenol's dividend payout ratio (DPR) is currently 37.93%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on APH. Robert W. Baird upped their target price on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. 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 note on Thursday, October 24th. Evercore ISI upped their price objective on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. TD Cowen upped their price objective on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Finally, UBS Group upped their price objective on Amphenol from $69.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, July 10th. Five research 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $69.63.

Insider Activity

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company's stock, valued at approximately $133,136,890.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Richard Adam Norwitt sold 900,672 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company's stock, valued at approximately $133,136,890.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 300,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,630,672 shares of company stock valued at $110,992,440. 1.80% of the stock is currently owned by insiders.

Amphenol 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.