Plato Investment Management Ltd Increases Position in Amphenol Co. (NYSE:APH)

Plato Investment Management Ltd lifted its holdings in Amphenol Co. (NYSE:APH) by 632.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,195 shares of the electronics maker’s stock after buying an additional 26,938 shares during the period. Plato Investment Management Ltd’s holdings in Amphenol were worth $2,031,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Beacon Capital Management LLC lifted its stake in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC lifted its stake in Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Amphenol in the second quarter valued at approximately $29,000. Trifecta Capital Advisors LLC lifted its stake in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares during the last quarter. Finally, Sachetta LLC lifted its stake in Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 0.4 %

Amphenol stock opened at $72.59 on Friday. The stock has a market cap of $87.52 billion, a P/E ratio of 41.72, a PEG ratio of 2.39 and a beta of 1.23. Amphenol Co. has a fifty-two week low of $44.42 and a fifty-two week high of $74.70. The firm’s fifty day moving average price is $66.25 and its 200-day moving average price is $65.86. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99.

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

Amphenol Dividend Announcement

The company 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. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. Amphenol’s dividend payout ratio is presently 37.93%.

Insider Activity at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David M. Silverman sold 180,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares in the company, valued at approximately $1,005,340. This represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 over the last 90 days. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on APH shares. Bank of America upped their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Evercore ISI boosted their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Truist Financial boosted their target price on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen boosted their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Robert W. Baird boosted their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five investment 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 stock. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Company 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.