Amphenol Co. (NYSE:APH) Shares Bought by Swedbank AB

Swedbank AB raised its position in Amphenol Co. (NYSE:APH) by 38.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,600,252 shares of the electronics maker’s stock after acquiring an additional 1,000,000 shares during the quarter. Swedbank AB’s holdings in Amphenol were worth $234,592,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of APH. Fisher Asset Management LLC acquired a new stake in Amphenol in the fourth quarter valued at approximately $789,000. Trust Co. of Vermont grew its position in Amphenol by 10.5% in the fourth quarter. Trust Co. of Vermont now owns 2,256 shares of the electronics maker’s stock valued at $224,000 after acquiring an additional 214 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Amphenol in the fourth quarter valued at approximately $1,399,000. HighPoint Advisor Group LLC purchased a new position in shares of Amphenol during the 4th quarter valued at approximately $753,000. Finally, CWM LLC boosted its stake in shares of Amphenol by 57.7% during the 1st quarter. CWM LLC now owns 23,513 shares of the electronics maker’s stock valued at $2,712,000 after buying an additional 8,602 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

APH has been the topic of several research analyst reports. Vertical Research initiated coverage on Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. Bank of America reduced their price objective on Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Truist Financial raised their price objective on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Robert W. Baird cut their target price on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, UBS Group raised their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Five equities 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.50.

Amphenol Price Performance

NYSE:APH traded down $1.54 during mid-day trading on Tuesday, reaching $65.84. 10,058,713 shares of the stock were exchanged, compared to its average volume of 6,524,042. The business has a fifty day moving average price of $64.31 and a 200 day moving average price of $64.05. The firm has a market capitalization of $79.09 billion, a PE ratio of 41.34, a PEG ratio of 2.56 and a beta of 1.24. Amphenol Co. has a 1-year low of $39.34 and a 1-year high of $70.84. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. Amphenol’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. Research analysts expect that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th were given a $0.165 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.00%. Amphenol’s dividend payout ratio (DPR) is 40.49%.

Insider Activity at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 750,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.54, for a total value of $48,405,000.00. Following the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock worth $98,236,640 in the last quarter. 1.80% of the stock is owned by company insiders.

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.