Van ECK Associates Corp Acquires 2,783 Shares of Amphenol Co. (NYSE:APH)

Van ECK Associates Corp boosted its holdings in Amphenol Co. (NYSE:APHFree Report) by 3.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 83,585 shares of the electronics maker’s stock after purchasing an additional 2,783 shares during the quarter. Van ECK Associates Corp’s holdings in Amphenol were worth $7,020,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APH. Vontobel Holding Ltd. raised its holdings in shares of Amphenol by 8.2% during the 1st quarter. Vontobel Holding Ltd. now owns 13,325 shares of the electronics maker’s stock worth $1,022,000 after acquiring an additional 1,006 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Amphenol by 4.0% during the 1st quarter. Sei Investments Co. now owns 168,360 shares of the electronics maker’s stock worth $12,716,000 after acquiring an additional 6,405 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Amphenol by 56.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 264,188 shares of the electronics maker’s stock worth $19,906,000 after acquiring an additional 95,613 shares in the last quarter. Prudential PLC purchased a new stake in shares of Amphenol during the 1st quarter worth approximately $857,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Amphenol during the 1st quarter worth approximately $245,000. 93.46% of the stock is currently owned by institutional investors.

Amphenol Price Performance

Shares of APH stock opened at $105.29 on Friday. Amphenol Co. has a 1-year low of $72.00 and a 1-year high of $105.41. The stock’s 50-day moving average is $98.15 and its 200 day moving average is $90.10. The company has a market cap of $63.16 billion, a P/E ratio of 33.86, a PEG ratio of 3.06 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48.

Amphenol (NYSE:APHGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period last year, the business posted $0.78 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. Research analysts predict that Amphenol Co. will post 3.26 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Citigroup assumed coverage on Amphenol in a report on Friday, January 5th. They set a “buy” rating and a $117.00 price objective on the stock. Truist Financial increased their price target on Amphenol from $97.00 to $109.00 and gave the company a “buy” rating in a report on Friday, December 15th. Stifel Nicolaus increased their price target on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Finally, Robert W. Baird increased their price target on Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $102.11.

View Our Latest Stock Report on Amphenol

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 360,000 shares of company stock worth $36,346,500. 2.22% of the stock is owned by insiders.

Amphenol Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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