Royal London Asset Management Ltd. Increases Stock Position in Amphenol Co. (NYSE:APH)

Royal London Asset Management Ltd. lifted its position in Amphenol Co. (NYSE:APHFree Report) by 9.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 309,141 shares of the electronics maker’s stock after buying an additional 27,960 shares during the period. Royal London Asset Management Ltd. owned approximately 0.05% of Amphenol worth $25,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Amphenol by 6.1% during the second quarter. BlackRock Inc. now owns 48,104,261 shares of the electronics maker’s stock worth $4,086,457,000 after purchasing an additional 2,752,517 shares in the last quarter. Aviva PLC grew its holdings in Amphenol by 200.3% during the 3rd quarter. Aviva PLC now owns 211,194 shares of the electronics maker’s stock valued at $17,738,000 after buying an additional 140,859 shares in the last quarter. Resonant Capital Advisors LLC grew its holdings in Amphenol by 2.5% during the 3rd quarter. Resonant Capital Advisors LLC now owns 9,034 shares of the electronics maker’s stock valued at $761,000 after buying an additional 221 shares in the last quarter. London Co. of Virginia grew its holdings in Amphenol by 1.1% during the 3rd quarter. London Co. of Virginia now owns 1,502,272 shares of the electronics maker’s stock valued at $126,176,000 after buying an additional 16,916 shares in the last quarter. Finally, Fund Management at Engine No. 1 LLC grew its holdings in Amphenol by 7.4% during the 2nd quarter. Fund Management at Engine No. 1 LLC now owns 7,747 shares of the electronics maker’s stock valued at $658,000 after buying an additional 534 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

Insider Activity

In related news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the transaction, the chief financial officer now owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of Amphenol stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the sale, the chief financial officer now directly owns 147,045 shares in the company, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock valued at $31,846,050 in the last quarter. 2.22% of the stock is currently owned by company insiders.

Amphenol Stock Performance

Shares of APH opened at $111.35 on Friday. The stock has a 50-day moving average of $102.26 and a two-hundred day moving average of $92.68. Amphenol Co. has a one year low of $72.00 and a one year high of $112.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. The stock has a market cap of $66.79 billion, a P/E ratio of 35.80, a P/E/G ratio of 3.16 and a beta of 1.30.

Amphenol (NYSE:APHGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. As a group, research analysts predict that Amphenol Co. will post 3.27 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th will be issued a $0.22 dividend. The ex-dividend date is Monday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.79%. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Analyst Ratings Changes

Several research firms have weighed in on APH. The Goldman Sachs Group raised their price target on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Robert W. Baird raised their price objective on Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Citigroup assumed coverage on Amphenol in a research note on Friday, January 5th. They set a “buy” rating and a $117.00 price target for the company. Truist Financial raised their price target on Amphenol from $97.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Stifel Nicolaus lifted 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. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.11.

Read Our Latest Report on Amphenol

Amphenol 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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