Dai ichi Life Insurance Company Ltd Trims Holdings in Amphenol Co. (NYSE:APH)

Dai ichi Life Insurance Company Ltd reduced its holdings in shares of Amphenol Co. (NYSE:APH) by 25.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 250,232 shares of the electronics maker’s stock after selling 87,410 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Amphenol were worth $16,305,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company grew its position in Amphenol by 157.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock valued at $125,899,000 after buying an additional 1,180,944 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares during the last quarter. Independent Advisor Alliance grew its holdings in Amphenol by 106.0% in the third quarter. Independent Advisor Alliance now owns 8,224 shares of the electronics maker’s stock valued at $536,000 after purchasing an additional 4,232 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Amphenol by 61.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 151,302 shares of the electronics maker’s stock valued at $9,856,000 after buying an additional 57,603 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of 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 buying an additional 90,450 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Trading Down 1.3 %

NYSE APH opened at $73.32 on Tuesday. The stock has a 50 day moving average of $67.85 and a 200-day moving average of $66.47. The company has a market cap of $88.40 billion, a PE ratio of 42.14, a PEG ratio of 2.47 and a beta of 1.23. Amphenol Co. has a 12 month low of $44.81 and a 12 month 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) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. On average, equities research analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders 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 annualized dividend and a dividend yield of 0.90%. Amphenol’s payout ratio is 37.93%.

Wall Street Analyst Weigh In

APH has been the topic of several recent research reports. Evercore ISI upped their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen upped their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Bank of America lifted their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Truist Financial increased their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird upped their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amphenol currently has an average 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 Amphenol stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Peter Straub sold 132,000 shares of the firm’s 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. In the last 90 days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by 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.