California State Teachers Retirement System Sells 12,851 Shares of Amphenol Co. (NYSE:APH)

California State Teachers Retirement System lowered its position in Amphenol Co. (NYSE:APH – Get Rating) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 980,478 shares of the electronics maker’s stock after selling 12,851 shares during the period. California State Teachers Retirement System’s holdings in Amphenol were worth $65,653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. ICA Group Wealth Management LLC boosted its holdings in Amphenol by 2.5% in the third quarter. ICA Group Wealth Management LLC now owns 5,461 shares of the electronics maker’s stock worth $366,000 after acquiring an additional 134 shares in the last quarter. CNB Bank boosted its holdings in Amphenol by 3.8% in the second quarter. CNB Bank now owns 3,828 shares of the electronics maker’s stock worth $247,000 after acquiring an additional 141 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Amphenol by 2.2% in the third quarter. Checchi Capital Advisers LLC now owns 6,915 shares of the electronics maker’s stock worth $463,000 after purchasing an additional 147 shares during the last quarter. Zions Bancorporation N.A. raised its stake in shares of Amphenol by 16.9% in the first quarter. Zions Bancorporation N.A. now owns 1,136 shares of the electronics maker’s stock worth $86,000 after purchasing an additional 164 shares during the last quarter. Finally, Klingenstein Fields & Co. LP raised its stake in shares of Amphenol by 1.9% in the third quarter. Klingenstein Fields & Co. LP now owns 8,828 shares of the electronics maker’s stock worth $591,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 94.01% of the company’s stock.

Insiders Place Their Bets

In other Amphenol news, insider Jean-Luc Gavelle sold 129,800 shares of the firm’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $81.64, for a total value of $10,596,872.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amphenol news, insider Jean-Luc Gavelle sold 129,800 shares of the firm’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $81.64, for a total value of $10,596,872.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 650,000 shares of the firm’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $81.72, for a total value of $53,118,000.00. Following the completion of the sale, the chief executive officer now directly owns 967,424 shares of the company’s stock, valued at $79,057,889.28. The disclosure for this sale can be found here. Insiders sold 804,800 shares of company stock valued at $65,769,622 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Amphenol Stock Performance

Shares of APH opened at $77.72 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.64 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $46.21 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.89 and a beta of 1.24. The stock has a 50 day moving average of $79.22 and a 200 day moving average of $76.37. Amphenol Co. has a 12 month low of $61.67 and a 12 month high of $82.86.

Amphenol (NYSE:APH – Get Rating) last released its earnings results on Wednesday, January 25th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Amphenol had a return on equity of 27.93% and a net margin of 15.07%. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the business posted $0.70 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, sell-side analysts forecast that Amphenol Co. will post 2.96 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 12th. Shareholders of record on Tuesday, March 21st will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Monday, March 20th. Amphenol’s dividend payout ratio is currently 27.45%.

Analysts Set New Price Targets

Several analysts have recently commented on APH shares. Truist Financial increased their price objective on Amphenol from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, January 23rd. Credit Suisse Group started coverage on Amphenol in a research note on Monday, December 12th. They issued an “outperform” rating and a $93.00 price objective for the company. Robert W. Baird lowered their price objective on Amphenol from $93.00 to $91.00 in a research note on Thursday, January 26th. StockNews.com downgraded Amphenol from a “buy” rating to a “hold” rating in a research note on Saturday, March 11th. Finally, Jefferies Financial Group downgraded Amphenol from a “buy” rating to a “hold” rating and increased their price objective for the stock from $87.00 to $88.00 in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.36.

About Amphenol

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Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.