Teachers Retirement System of The State of Kentucky Makes New Investment in Amphenol Co. (NYSE:APH)

Teachers Retirement System of The State of Kentucky acquired a new position in Amphenol Co. (NYSE:APH – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 56,668 shares of the electronics maker’s stock, valued at approximately $3,794,000.

A number of other institutional investors have also added to or reduced their stakes in APH. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in 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 in the last quarter. Royal Bank of Canada grew its position in Amphenol by 80.4% in the 3rd quarter. Royal Bank of Canada now owns 3,605,904 shares of the electronics maker’s stock worth $241,452,000 after purchasing an additional 1,607,472 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Amphenol by 256.7% during the 2nd quarter. Renaissance Technologies LLC now owns 2,222,100 shares of the electronics maker’s stock valued at $143,059,000 after acquiring an additional 1,599,200 shares during the period. FMR LLC grew its position in shares of Amphenol by 2.7% during the 2nd quarter. FMR LLC now owns 51,614,854 shares of the electronics maker’s stock valued at $3,322,965,000 after acquiring an additional 1,341,887 shares during the period. Finally, WCM Investment Management LLC grew 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 period. 94.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

NYSE APH opened at $76.79 on Friday. Amphenol Co. has a 1 year low of $61.67 and a 1 year high of $82.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.42 and a quick ratio of 1.64. The stock has a market capitalization of $45.66 billion, a PE ratio of 25.09, a P/E/G ratio of 2.88 and a beta of 1.24. The company’s 50 day simple moving average is $79.18 and its two-hundred day simple moving average is $76.39.

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

Amphenol Announces Dividend

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 paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Monday, March 20th. Amphenol’s dividend payout ratio is presently 27.45%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, insider Jean-Luc Gavelle sold 129,800 shares of the firm’s 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 legal filing with the SEC, which is available at the SEC website. In other news, insider Jean-Luc Gavelle sold 129,800 shares of the firm’s 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 legal filing with the SEC, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 650,000 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $81.72, for a total transaction of $53,118,000.00. Following the sale, the chief executive officer now owns 967,424 shares in the company, valued at approximately $79,057,889.28. The disclosure for this sale can be found here. Insiders have sold 804,800 shares of company stock worth $65,769,622 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

Amphenol Company Profile

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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.