The Manufacturers Life Insurance Company Increases Stake in Amphenol Co. (NYSE:APH)

The Manufacturers Life Insurance Company increased its holdings in shares of Amphenol Co. (NYSE:APH) by 157.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,932,159 shares of the electronics maker’s stock after purchasing an additional 1,180,944 shares during the period. The Manufacturers Life Insurance Company’s holdings in Amphenol were worth $125,899,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp increased its stake in Amphenol by 61.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock worth $13,458,000 after buying an additional 75,753 shares during the period. United Services Automobile Association grew 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 acquiring an additional 16,149 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in 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 acquiring an additional 90,450 shares in the last quarter. LMR Partners LLP grew its holdings in Amphenol by 315.1% during the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after acquiring an additional 223,784 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Amphenol by 22.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after acquiring an additional 19,496 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APH has been the subject of several analyst reports. Truist Financial boosted their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Evercore ISI boosted their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Robert W. Baird boosted their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America boosted their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, TD Cowen upped their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Stock Down 0.0 %

Shares of NYSE:APH opened at $73.27 on Wednesday. The stock has a market cap of $88.34 billion, a P/E ratio of 42.11, a P/E/G ratio of 2.47 and a beta of 1.23. The firm has a fifty day moving average price of $68.04 and a 200 day moving average price of $66.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. Amphenol Co. has a 1-year low of $44.81 and a 1-year high of $74.93.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $4.04 billion during 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%. Amphenol’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. Sell-side analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

Insider Buying and Selling

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $963,760. The trade was a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last 90 days. Company insiders own 1.80% of the company’s stock.

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.