Amphenol Co. (NYSE:APH) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in Amphenol Co. (NYSE:APH - Free Report) by 73.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,591,323 shares of the electronics maker's stock after acquiring an additional 1,101,368 shares during the quarter. Principal Financial Group Inc. owned 0.21% of Amphenol worth $168,851,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Texas Permanent School Fund Corp boosted its stake in Amphenol by 61.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker's stock worth $13,458,000 after purchasing an additional 75,753 shares in the last quarter. United Services Automobile Association lifted its stake in shares of Amphenol by 102.0% during the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker's stock worth $2,154,000 after buying an additional 16,149 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Amphenol by 50.9% during the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker's stock valued at $17,477,000 after buying an additional 90,450 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Amphenol by 22.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker's stock valued at $6,966,000 after acquiring an additional 19,496 shares during the period. Finally, LMR Partners LLP raised its stake in Amphenol by 315.1% in the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker's stock worth $19,209,000 after acquiring an additional 223,784 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

NYSE:APH traded up $0.57 during trading hours on Friday, hitting $70.58. 11,635,773 shares of the stock were exchanged, compared to its average volume of 6,623,740. The company has a market cap of $85.09 billion, a P/E ratio of 40.56, a P/E/G ratio of 2.44 and a beta of 1.24. The firm's fifty day moving average price is $71.13 and its 200 day moving average price is $67.35. Amphenol Co. has a 52-week low of $46.94 and a 52-week high of $75.78. 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 (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm 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 firm's revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. As a group, equities research analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

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 $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Amphenol's dividend payout ratio is currently 37.93%.

Insider Buying and Selling

In related news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total value of $12,391,200.00. Following the transaction, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This trade represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on APH shares. Robert W. Baird boosted their price target on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Bank of America upped their target price on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Evercore ISI raised 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. Truist Financial lifted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, TD Cowen upped their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Amphenol presently has a consensus 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.