Amphenol Co. (NYSE:APH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in Amphenol Co. (NYSE:APH) by 19.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,845,004 shares of the electronics maker’s stock after selling 439,596 shares during the period. New York State Common Retirement Fund owned 0.15% of Amphenol worth $120,220,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of APH. Vanguard Group Inc. raised its stake in shares of Amphenol by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock worth $8,473,608,000 after buying an additional 321,861 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Amphenol by 92.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after purchasing an additional 17,552,921 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Amphenol by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock worth $3,601,694,000 after purchasing an additional 1,979,022 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Amphenol by 69.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after buying an additional 9,487,387 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its position in Amphenol by 88.9% in the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after buying an additional 7,275,279 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total value of $12,391,200.00. Following the sale, the vice president now directly owns 14,000 shares in the company, valued at $963,760. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,630,672 shares of company stock worth $110,992,440 over the last three months. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Vertical Research assumed coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. Robert W. Baird lifted their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America upped 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. TD Cowen lifted their target price 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. Finally, Truist Financial increased their price objective on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Five investment 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Price Performance

APH traded up $0.70 during midday trading on Friday, hitting $67.72. The company had a trading volume of 432,867 shares, compared to its average volume of 6,606,056. Amphenol Co. has a twelve month low of $41.03 and a twelve month high of $71.20. The company has a market capitalization of $81.64 billion, a PE ratio of 38.51, a P/E/G ratio of 2.27 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The firm’s 50-day simple moving average is $65.21 and its 200-day simple moving average is $64.89.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate 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 revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. Equities research analysts predict that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.97%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio is 37.93%.

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.