Amphenol Co. (NYSE:APH) Shares Purchased by Toroso Investments LLC
Toroso Investments LLC lifted its holdings in Amphenol Co. (NYSE:APH – Get Rating) by 85.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,259 shares of the electronics maker’s stock after acquiring an additional 7,955 shares during the period. Toroso Investments LLC’s holdings in Amphenol were worth $1,156,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in APH. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Amphenol by 838.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,281,215 shares of the electronics maker’s stock valued at $219,710,000 after purchasing an additional 2,931,531 shares during the period. Royal Bank of Canada grew its stake in shares of Amphenol by 80.4% in the third quarter. Royal Bank of Canada now owns 3,605,904 shares of the electronics maker’s stock valued at $241,452,000 after buying an additional 1,607,472 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Amphenol by 256.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,222,100 shares of the electronics maker’s stock valued at $143,059,000 after buying an additional 1,599,200 shares during the period. FMR LLC lifted its position in Amphenol by 2.7% during the 2nd quarter. FMR LLC now owns 51,614,854 shares of the electronics maker’s stock worth $3,322,965,000 after acquiring an additional 1,341,887 shares in the last quarter. Finally, WCM Investment Management LLC boosted its holdings in Amphenol by 12.4% in the 3rd quarter. WCM Investment Management LLC now owns 7,864,068 shares of the electronics maker’s stock worth $534,128,000 after acquiring an additional 864,981 shares during the period. Hedge funds and other institutional investors own 94.01% of the company’s stock.
Amphenol Price Performance
Shares of APH opened at $76.79 on Friday. Amphenol Co. has a 52 week low of $61.67 and a 52 week high of $82.86. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.65. The firm has a market cap of $45.66 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.88 and a beta of 1.24. The stock has a 50 day moving average of $79.18 and a 200-day moving average of $76.39.
Amphenol (NYSE:APH – Get Rating) last released its quarterly earnings data on Wednesday, January 25th. The electronics maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.15 billion. Amphenol had a net margin of 15.07% and a return on equity of 27.93%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 earnings per share. As a group, analysts forecast that Amphenol Co. will post 2.96 EPS for the current year.
Amphenol Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 12th. Investors of record on Tuesday, March 21st will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, March 20th. This represents a $0.84 annualized dividend and a yield of 1.09%. Amphenol’s dividend payout ratio (DPR) is 27.45%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on APH shares. Robert W. Baird reduced their target price on shares of Amphenol from $93.00 to $91.00 in a research report on Thursday, January 26th. Truist Financial boosted their price objective on shares of Amphenol from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, January 23rd. StockNews.com upgraded Amphenol from a “hold” rating to a “buy” rating in a research note on Sunday. Credit Suisse Group started coverage on Amphenol in a research note on Monday, December 12th. They issued an “outperform” rating and a $93.00 price target on the stock. Finally, Jefferies Financial Group lowered Amphenol from a “buy” rating to a “hold” rating and raised their price objective for the company from $87.00 to $88.00 in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.36.
Insiders Place Their Bets
In other news, insider Jean-Luc Gavelle sold 129,800 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $81.64, for a total transaction of $10,596,872.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jean-Luc Gavelle sold 129,800 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $81.64, for a total transaction of $10,596,872.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Adam Norwitt sold 650,000 shares of the stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $81.72, for a total value of $53,118,000.00. Following the completion of the sale, the chief executive officer now directly owns 967,424 shares in the company, valued at $79,057,889.28. The disclosure for this sale can be found here. Insiders have sold 804,800 shares of company stock valued at $65,769,622 over the last quarter. Insiders own 2.10% of the company’s stock.
Amphenol Company Profile
Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.
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