Amphenol Co. (NYSE:APH) is Portfolio Design Labs LLC's 10th Largest Position

Portfolio Design Labs LLC grew its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 15.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,638 shares of the electronics maker's stock after purchasing an additional 11,166 shares during the quarter. Amphenol comprises approximately 1.6% of Portfolio Design Labs LLC's portfolio, making the stock its 10th biggest holding. Portfolio Design Labs LLC's holdings in Amphenol were worth $5,580,000 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 company. Covestor Ltd boosted its stake in Amphenol by 87.6% during the first quarter. Covestor Ltd now owns 559 shares of the electronics maker's stock worth $65,000 after acquiring an additional 261 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Amphenol by 21.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 40,744 shares of the electronics maker's stock valued at $4,700,000 after purchasing an additional 7,330 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Amphenol by 44.4% during the first quarter. Bessemer Group Inc. now owns 55,060 shares of the electronics maker's stock valued at $6,352,000 after acquiring an additional 16,936 shares in the last quarter. Lake Street Advisors Group LLC raised its position in shares of Amphenol by 33.5% in the 1st quarter. Lake Street Advisors Group LLC now owns 5,665 shares of the electronics maker's stock worth $655,000 after acquiring an additional 1,421 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Amphenol by 4.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 359,579 shares of the electronics maker's stock worth $41,508,000 after purchasing an additional 15,656 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Amphenol stock traded down $0.07 during midday trading on Wednesday, hitting $70.91. The stock had a trading volume of 4,024,908 shares, compared to its average volume of 6,631,049. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 52-week low of $44.72 and a 52-week high of $74.70. The firm's fifty day moving average is $67.06 and its two-hundred day moving average is $66.19. The company has a market capitalization of $85.49 billion, a PE ratio of 40.80, a P/E/G ratio of 2.34 and a beta of 1.23.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm's revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 EPS. On average, research analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Tuesday, December 17th. Amphenol's payout ratio is 37.93%.

Insider Buying and Selling

In related news, 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 value of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the firm'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 transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now directly owns 218,116 shares of the company's stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on APH. Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Truist Financial boosted their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Vertical Research initiated coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a "hold" rating and a $65.00 price target on the stock. 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, Robert W. Baird boosted their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $69.63.

About Amphenol

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.