Amphenol Co. (NYSE:APH) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Amphenol Co. (NYSE:APH) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,353 shares of the electronics maker’s stock after acquiring an additional 1,621 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Amphenol were worth $2,304,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Metis Global Partners LLC boosted its position in shares of Amphenol by 3.8% in the 3rd quarter. Metis Global Partners LLC now owns 48,743 shares of the electronics maker’s stock worth $3,176,000 after buying an additional 1,780 shares in the last quarter. Curi RMB Capital LLC purchased a new stake in shares of Amphenol in the third quarter valued at about $424,000. KBC Group NV grew its position in shares of Amphenol by 9.9% in the third quarter. KBC Group NV now owns 777,769 shares of the electronics maker’s stock valued at $50,679,000 after purchasing an additional 69,816 shares during the last quarter. Huntington National Bank grew its position in shares of Amphenol by 7.5% in the third quarter. Huntington National Bank now owns 125,145 shares of the electronics maker’s stock valued at $8,154,000 after purchasing an additional 8,773 shares during the last quarter. Finally, Plato Investment Management Ltd raised its position in shares of Amphenol by 632.8% during the 3rd quarter. Plato Investment Management Ltd now owns 31,195 shares of the electronics maker’s stock worth $2,031,000 after purchasing an additional 26,938 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on APH. TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Evercore ISI lifted their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. 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 report on Thursday, October 24th. Bank of America boosted their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Truist Financial upped their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Stock Performance

NYSE APH opened at $72.59 on Friday. Amphenol Co. has a 1-year low of $44.42 and a 1-year high of $74.70. The business’s 50-day simple moving average is $66.25 and its 200-day simple moving average is $65.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The firm has a market capitalization of $87.52 billion, a P/E ratio of 41.72, a P/E/G ratio of 2.39 and a beta of 1.23.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The business’s quarterly revenue was up 26.3% on a year-over-year basis. Equities analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 37.93%.

Insider Buying and Selling at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were 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. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 over the last 90 days. 1.80% of the stock is owned by corporate insiders.

Amphenol 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.