5,946 Shares in Amphenol Co. (NYSE:APH) Acquired by First Long Island Investors LLC

First Long Island Investors LLC purchased a new position in Amphenol Co. (NYSE:APH) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,946 shares of the electronics maker’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of APH. Texas Permanent School Fund Corp grew its stake in shares of 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 purchasing an additional 75,753 shares during the period. United Services Automobile Association lifted its position in shares of Amphenol by 102.0% during the 2nd quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock valued at $2,154,000 after buying an additional 16,149 shares in the last quarter. Choreo LLC lifted its position in shares of Amphenol by 556.7% during the 2nd quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock valued at $2,732,000 after buying an additional 34,309 shares in the last quarter. Angeles Wealth Management LLC lifted its position in shares of Amphenol by 102.4% during the 2nd quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock valued at $258,000 after buying an additional 1,936 shares in the last quarter. Finally, Czech National Bank lifted its position in shares of Amphenol by 7.2% during the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock valued at $15,985,000 after buying an additional 16,425 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $133,136,890.88. The trade was a 31.76 % decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction that occurred on Friday, November 8th. The stock was 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. Over the last ninety days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Trading Down 1.7 %

Shares of NYSE APH traded down $1.25 during trading on Friday, hitting $71.30. 2,468,044 shares of the company were exchanged, compared to its average volume of 6,625,965. Amphenol Co. has a 12-month low of $44.44 and a 12-month high of $74.70. 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 company has a fifty day moving average price of $66.46 and a 200-day moving average price of $65.90. The firm has a market capitalization of $85.96 billion, a PE ratio of 41.36, a P/E/G ratio of 2.40 and a beta of 1.23.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) 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 the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. As a group, equities research analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

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 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 37.93%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on APH. Evercore ISI increased their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Vertical Research initiated coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Robert W. Baird raised their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial raised their price objective on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, TD Cowen raised their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five 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 currently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

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.