New York State Teachers Retirement System Reduces Stake in Amphenol Co. (NYSE:APH)

New York State Teachers Retirement System reduced its stake in Amphenol Co. (NYSE:APH) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 979,844 shares of the electronics maker’s stock after selling 27,177 shares during the quarter. New York State Teachers Retirement System’s holdings in Amphenol were worth $63,847,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Walter & Keenan Wealth Management LLC IN ADV lifted its stake in shares of Amphenol by 3.5% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 6,924 shares of the electronics maker’s stock valued at $451,000 after purchasing an additional 236 shares during the last quarter. Highview Capital Management LLC DE lifted its stake in shares of Amphenol by 4.2% in the 3rd quarter. Highview Capital Management LLC DE now owns 15,912 shares of the electronics maker’s stock valued at $1,037,000 after purchasing an additional 636 shares during the last quarter. Fidelis Capital Partners LLC lifted its stake in shares of Amphenol by 5.9% in the 3rd quarter. Fidelis Capital Partners LLC now owns 7,755 shares of the electronics maker’s stock valued at $531,000 after purchasing an additional 434 shares during the last quarter. Fortitude Family Office LLC lifted its stake in shares of Amphenol by 13.9% in the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after purchasing an additional 158 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its stake in shares of Amphenol by 1.3% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 78,200 shares of the electronics maker’s stock valued at $5,107,000 after purchasing an additional 1,000 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on APH. Robert W. Baird upped their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. UBS Group upped their price target on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Bank of America increased their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Truist Financial increased their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Price Performance

APH stock opened at $68.39 on Thursday. 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 firm has a market capitalization of $82.15 billion, a P/E ratio of 41.96, a P/E/G ratio of 2.56 and a beta of 1.24. The business’s 50-day moving average is $65.21 and its two-hundred day moving average is $64.87. Amphenol Co. has a 1 year low of $39.75 and a 1 year high of $71.20.

Amphenol (NYSE:APH) last posted its quarterly 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. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the company earned $0.39 EPS. Amphenol’s revenue for the quarter was up 26.3% compared to the same quarter last year. Analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at $3,373,382. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

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.