Amphenol Co. (NYSE:APH) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 628,148 shares of the electronics maker's stock after acquiring an additional 14,945 shares during the period. Royal London Asset Management Ltd. owned 0.05% of Amphenol worth $40,930,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in Amphenol by 92.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker's stock valued at $2,468,301,000 after buying an additional 17,552,921 shares during the period. Massachusetts Financial Services Co. MA grew its position in Amphenol by 69.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker's stock valued at $1,564,711,000 after acquiring an additional 9,487,387 shares in the last quarter. Mawer Investment Management Ltd. grew its position in Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker's stock valued at $1,041,204,000 after acquiring an additional 7,275,279 shares in the last quarter. Legal & General Group Plc grew its position in Amphenol by 116.6% in the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock valued at $662,458,000 after acquiring an additional 5,293,292 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Amphenol by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker's stock valued at $427,363,000 after acquiring an additional 63,180 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Down 0.2 %

APH stock traded down $0.19 during trading on Friday, hitting $74.21. 5,231,930 shares of the company's stock were exchanged, compared to its average volume of 6,571,862. The business has a 50-day moving average price of $69.15 and a two-hundred day moving average price of $66.91. The stock has a market capitalization of $89.46 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 2.43 and a beta of 1.24. Amphenol Co. has a 52-week low of $45.92 and a 52-week high of $74.93. 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 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The business 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 company'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 earnings per share. As a group, equities research analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Tuesday, December 17th. Amphenol's payout ratio is currently 37.93%.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company's stock, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

APH has been the subject of several research reports. Truist Financial lifted their target price on Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Bank of America boosted their price objective on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Robert W. Baird boosted their price objective on Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Evercore ISI boosted their price objective on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, 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. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and an average price target of $69.63.

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.