Principal Financial Group Inc. raised its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 73.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,591,323 shares of the electronics maker's stock after buying an additional 1,101,368 shares during the period. Principal Financial Group Inc. owned about 0.22% of Amphenol worth $168,851,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Beacon Capital Management LLC boosted its stake in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 206 shares during the period. New England Capital Financial Advisors LLC lifted its stake in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after purchasing an additional 188 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol in the 2nd quarter worth $29,000. Trifecta Capital Advisors LLC grew its stake in Amphenol by 352.1% during the 3rd 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, Sachetta LLC increased its position in Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock worth $27,000 after purchasing an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.
Amphenol Price Performance
Shares of APH traded down $0.24 during mid-day trading on Friday, reaching $73.71. 4,253,836 shares of the stock traded hands, compared to its average volume of 6,648,329. Amphenol Co. has a 1 year low of $42.44 and a 1 year high of $74.60. The firm has a fifty day moving average price of $65.44 and a 200 day moving average price of $65.34. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The company has a market cap of $88.87 billion, a price-to-earnings ratio of 42.68, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23.
Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the firm posted $0.39 earnings per share. The business's revenue was up 26.3% compared to the same quarter last year. As a group, equities research analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.
Amphenol Announces Dividend
The business also recently announced 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. 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%.
Insider Buying and Selling at Amphenol
In related news, VP David M. Silverman sold 180,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amphenol news, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction dated Wednesday, November 6th. The stock was 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig A. Lampo sold 300,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 318,116 shares of the company's stock, valued at approximately $22,764,380.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,110,672 shares of company stock valued at $145,386,240 over the last 90 days. 1.80% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Evercore ISI lifted their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. TD Cowen boosted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Truist Financial boosted their price target on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Vertical Research began coverage on Amphenol in a research note on Tuesday, July 23rd. They set a "hold" rating and a $65.00 target price for the company. Finally, Bank of America raised their price target on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Five research 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 stock. According to data from MarketBeat.com, Amphenol currently has a consensus rating of "Moderate Buy" and an average price target of $69.63.
Get Our Latest Stock Analysis on APH
Amphenol Company Profile
(
Free Report)
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.
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