Quantinno Capital Management LP Has $10.36 Million Stake in Amphenol Co. (NYSE:APH)

Quantinno Capital Management LP raised its stake in Amphenol Co. (NYSE:APH - Free Report) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 159,059 shares of the electronics maker's stock after buying an additional 12,943 shares during the quarter. Quantinno Capital Management LP's holdings in Amphenol were worth $10,364,000 as of its most recent filing with the Securities and Exchange Commission.

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

Amphenol Stock Down 0.2 %

Shares of NYSE:APH traded down $0.19 during trading on Friday, hitting $74.21. 5,231,930 shares of the company were exchanged, compared to its average volume of 6,571,862. The stock has a market cap of $89.46 billion, a price-to-earnings ratio of 42.65, 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 fifty-two week low of $45.92 and a fifty-two week high of $74.93. The firm has a fifty day moving average price of $69.15 and a two-hundred day moving average price of $66.91.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (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 analyst estimates of $3.81 billion. During the same period in the prior year, the firm posted $0.39 earnings per share. The company's quarterly revenue was up 26.3% compared to the same quarter last year. As a group, research analysts anticipate that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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 given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol's dividend payout ratio (DPR) is presently 37.93%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Amphenol

In other news, CFO Craig A. Lampo sold 150,000 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the transaction, the chief financial officer now owns 218,116 shares of the company's stock, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 of the company's stock, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 over the last 90 days. Company insiders own 1.80% of the company's stock.

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.