Amphenol Co. (NYSE:APH) Stake Lowered by Alecta Tjanstepension Omsesidigt

Alecta Tjanstepension Omsesidigt reduced its position in Amphenol Co. (NYSE:APH) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,561,600 shares of the electronics maker’s stock after selling 550,000 shares during the period. Amphenol comprises about 5.2% of Alecta Tjanstepension Omsesidigt’s holdings, making the stock its 6th largest position. Alecta Tjanstepension Omsesidigt owned approximately 1.21% of Amphenol worth $948,543,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Texas Permanent School Fund Corp boosted its position in shares of 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 acquiring an additional 75,753 shares during the period. United Services Automobile Association raised 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. Choreo LLC raised its stake in shares of Amphenol by 556.7% during the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after buying an additional 34,309 shares during the last quarter. Angeles Wealth Management LLC boosted its stake in Amphenol by 102.4% in the second quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock valued at $258,000 after acquiring an additional 1,936 shares during the last quarter. Finally, Czech National Bank grew its holdings in Amphenol by 7.2% during the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $15,985,000 after acquiring an additional 16,425 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Luc Walter sold 106,000 shares of Amphenol stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the completion of the transaction, the insider now directly owns 447,790 shares in the company, valued at approximately $28,743,640.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.65, for a total value of $5,818,500.00. Following the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. This represents a 0.00 % 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, insider Luc Walter sold 106,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.19, for a total value of $6,804,140.00. Following the completion of the sale, the insider now owns 447,790 shares of the company’s stock, valued at $28,743,640.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on APH. Vertical Research initiated coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Robert W. Baird cut their price target on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. UBS Group upped their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Truist Financial lifted their price target on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Bank of America decreased their target price on Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Five equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.50.

Amphenol Stock Down 0.1 %

APH stock traded down $0.08 during midday trading on Friday, hitting $67.46. The company’s stock had a trading volume of 10,159,224 shares, compared to its average volume of 6,568,655. The company’s fifty day moving average price is $64.76 and its 200 day moving average price is $64.22. Amphenol Co. has a twelve month low of $39.34 and a twelve month high of $70.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The stock has a market capitalization of $81.03 billion, a P/E ratio of 41.39, a PEG ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, September 17th. Amphenol’s payout ratio is currently 40.49%.

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.