Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Position in Amphenol Co. (NYSE:APH)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Amphenol Co. (NYSE:APH) by 45.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 202,180 shares of the electronics maker’s stock after buying an additional 63,563 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Amphenol were worth $13,174,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Harbour Capital Advisors LLC increased its stake in shares of Amphenol by 5.8% during the third quarter. Harbour Capital Advisors LLC now owns 33,636 shares of the electronics maker’s stock worth $2,184,000 after buying an additional 1,840 shares during the period. Trust Co. of Vermont increased its stake in Amphenol by 7.1% in the third quarter. Trust Co. of Vermont now owns 4,547 shares of the electronics maker’s stock valued at $296,000 after purchasing an additional 303 shares during the last quarter. Trifecta Capital Advisors LLC increased 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. Buffington Mohr McNeal increased its stake in Amphenol by 0.8% in the third quarter. Buffington Mohr McNeal now owns 252,667 shares of the electronics maker’s stock valued at $16,464,000 after purchasing an additional 1,901 shares during the last quarter. Finally, Patton Fund Management Inc. purchased a new position in Amphenol in the third quarter valued at approximately $4,523,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APH has been the topic of several recent analyst reports. Bank of America dropped their price target on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Robert W. Baird decreased their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. UBS Group increased their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Truist Financial increased their price objective on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Vertical Research started coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

Amphenol Price Performance

Shares of NYSE APH opened at $67.46 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The stock has a fifty day moving average price of $64.76 and a 200 day moving average price of $64.22. Amphenol Co. has a 1-year low of $39.34 and a 1-year high of $70.84. The company has a market cap of $81.03 billion, a PE ratio of 41.39, a P/E/G ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the company earned $0.72 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, September 17th. Amphenol’s payout ratio is 40.49%.

Insiders Place Their Bets

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total value of $5,818,500.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,323,010. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amphenol news, insider Luc Walter sold 106,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.19, for a total value of $6,804,140.00. Following the completion of the transaction, the insider now owns 447,790 shares in the company, valued at approximately $28,743,640.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total value of $5,818,500.00. Following the completion of the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,323,010. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is owned by corporate insiders.

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.