Public Sector Pension Investment Board Increases Position in Amphenol Co. (NYSE:APH)

Public Sector Pension Investment Board raised its stake in Amphenol Co. (NYSE:APH - Free Report) by 15.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,842 shares of the electronics maker's stock after buying an additional 6,900 shares during the quarter. Public Sector Pension Investment Board's holdings in Amphenol were worth $3,443,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on APH shares. Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. TD Cowen boosted their price objective on Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Truist Financial increased their price target on Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Robert W. Baird raised their target price on Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Bank of America raised their target price on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $69.63.

Insiders Place Their Bets

In related news, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 218,116 shares of the company's stock, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,842,672 shares of company stock worth $128,858,080. Corporate insiders own 1.80% of the company's stock.

Amphenol Stock Up 1.8 %

APH stock traded up $1.34 during midday trading on Wednesday, hitting $74.47. The company's stock had a trading volume of 2,048,415 shares, compared to its average volume of 6,568,434. The firm's 50-day moving average is $68.80 and its 200-day moving average is $66.81. The company has a market cap of $89.78 billion, a PE ratio of 42.75, a P/E/G ratio of 2.43 and a beta of 1.24. 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 12 month low of $45.47 and a 12 month high of $74.93.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm 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 company's revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 EPS. On average, equities research analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders 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 yield of 0.89%. Amphenol's payout ratio is presently 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.