FUKOKU MUTUAL LIFE INSURANCE Co Has $416,000 Stock Holdings in Amphenol Co. (NYSE:APH)

FUKOKU MUTUAL LIFE INSURANCE Co trimmed its stake in shares of Amphenol Co. (NYSE:APH) by 19.3% during the third quarter, Holdings Channel reports. The firm owned 6,387 shares of the electronics maker’s stock after selling 1,531 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Amphenol were worth $416,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of APH. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Amphenol by 7.2% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 21,109 shares of the electronics maker’s stock valued at $2,435,000 after acquiring an additional 1,412 shares during the last quarter. Twin Tree Management LP increased its stake in shares of Amphenol by 469.7% in the first quarter. Twin Tree Management LP now owns 140,943 shares of the electronics maker’s stock valued at $16,258,000 after buying an additional 116,205 shares in the last quarter. Nwam LLC bought a new position in shares of Amphenol in the first quarter valued at about $228,000. Banco Santander S.A. grew its holdings in Amphenol by 28.5% during the 1st quarter. Banco Santander S.A. now owns 4,938 shares of the electronics maker’s stock worth $570,000 after acquiring an additional 1,095 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its position in Amphenol by 1.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock valued at $701,000 after acquiring an additional 88 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at $1,005,340. The trade was a 92.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,842,672 shares of company stock worth $128,858,080. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on APH shares. Bank of America increased their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Truist Financial upped their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Robert W. Baird lifted their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Vertical Research began coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price on the stock. Finally, Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Trading Up 0.4 %

Shares of NYSE APH opened at $72.59 on Friday. Amphenol Co. has a twelve month low of $44.42 and a twelve month high of $74.70. The stock has a market cap of $87.52 billion, a price-to-earnings ratio of 41.72, a P/E/G ratio of 2.40 and a beta of 1.23. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average is $66.25 and its 200-day moving average is $65.86.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company’s revenue was up 26.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 earnings per share. Equities research analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s payout ratio is presently 37.93%.

Amphenol Profile

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.