LMR Partners LLP Purchases 223,784 Shares of Amphenol Co. (NYSE:APH)

LMR Partners LLP grew its position in Amphenol Co. (NYSE:APH) by 315.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 294,800 shares of the electronics maker’s stock after acquiring an additional 223,784 shares during the period. LMR Partners LLP’s holdings in Amphenol were worth $19,209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. B. Riley Wealth Advisors Inc. boosted its stake in Amphenol by 0.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after purchasing an additional 80 shares in the last quarter. TIAA Trust National Association lifted its position in Amphenol by 4.7% during the 1st quarter. TIAA Trust National Association now owns 2,718 shares of the electronics maker’s stock worth $314,000 after buying an additional 122 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its holdings in Amphenol by 2.9% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,330 shares of the electronics maker’s stock worth $615,000 after acquiring an additional 150 shares during the last quarter. Fortitude Family Office LLC raised its stake in shares of Amphenol by 13.9% in the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after acquiring an additional 158 shares during the last quarter. Finally, New England Capital Financial Advisors LLC lifted its position in shares of Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the sale, the chief financial officer now directly owns 318,116 shares in the company, valued at $22,764,380.96. This trade represents a 48.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Amphenol Price Performance

Shares of APH stock opened at $70.52 on Monday. The firm has a market capitalization of $85.02 billion, a price-to-earnings ratio of 40.53, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23. Amphenol Co. has a 12-month low of $44.44 and a 12-month high of $74.70. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average of $66.68 and a 200-day moving average of $66.05.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio is 37.93%.

Analyst Ratings Changes

APH has been the subject of a number of research reports. Evercore ISI raised 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 boosted their target price on 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 raised their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Vertical Research started coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective for the company. Finally, Robert W. Baird raised 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 research 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

About Amphenol

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.