Amphenol Co. (NYSE:APH) Shares Acquired by Toroso Investments LLC

Toroso Investments LLC increased its position in shares of Amphenol Co. (NYSE:APH – Get Rating) by 85.5% during the third quarter, Holdings Channel.com reports. The fund owned 17,259 shares of the electronics maker’s stock after acquiring an additional 7,955 shares during the quarter. Toroso Investments LLC’s holdings in Amphenol were worth $1,156,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Amphenol by 838.3% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,281,215 shares of the electronics maker’s stock worth $219,710,000 after purchasing an additional 2,931,531 shares during the last quarter. Royal Bank of Canada boosted its holdings in Amphenol by 80.4% during the third quarter. Royal Bank of Canada now owns 3,605,904 shares of the electronics maker’s stock worth $241,452,000 after buying an additional 1,607,472 shares in the last quarter. Renaissance Technologies LLC grew its position in Amphenol by 256.7% in the second quarter. Renaissance Technologies LLC now owns 2,222,100 shares of the electronics maker’s stock worth $143,059,000 after buying an additional 1,599,200 shares during the last quarter. FMR LLC increased its holdings in shares of Amphenol by 2.7% in the second quarter. FMR LLC now owns 51,614,854 shares of the electronics maker’s stock valued at $3,322,965,000 after buying an additional 1,341,887 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position in shares of Amphenol by 12.4% during the 3rd quarter. WCM Investment Management LLC now owns 7,864,068 shares of the electronics maker’s stock valued at $534,128,000 after acquiring an additional 864,981 shares during the last quarter. 94.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Robert W. Baird decreased their target price on Amphenol from $93.00 to $91.00 in a report on Thursday, January 26th. Truist Financial upped their price objective on shares of Amphenol from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 23rd. Credit Suisse Group assumed coverage on shares of Amphenol in a research report on Monday, December 12th. They issued an “outperform” rating and a $93.00 target price on the stock. StockNews.com upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Jefferies Financial Group cut shares of Amphenol from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $87.00 to $88.00 in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.36.

Insider Activity

In other Amphenol news, insider Jean-Luc Gavelle sold 129,800 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $81.64, for a total transaction of $10,596,872.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Richard Adam Norwitt sold 650,000 shares of the business’s stock in a transaction on Friday, February 3rd. The shares were 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 in the company, valued at $79,057,889.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jean-Luc Gavelle sold 129,800 shares of Amphenol stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $81.64, for a total transaction of $10,596,872.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 804,800 shares of company stock worth $65,769,622. 2.10% of the stock is owned by corporate insiders.

Amphenol Trading Down 1.2 %

Amphenol stock opened at $76.79 on Friday. Amphenol Co. has a 12 month low of $61.67 and a 12 month high of $82.86. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.65. The stock has a market cap of $45.66 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.88 and a beta of 1.24. The company’s fifty day simple moving average is $79.18 and its 200-day simple moving average is $76.39.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 12th. Stockholders of record on Tuesday, March 21st will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, March 20th. This represents a $0.84 annualized dividend and a dividend yield of 1.09%. Amphenol’s dividend payout ratio (DPR) is 27.45%.

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.