TimesSquare Capital Management LLC Buys 12,005 Shares of Amphenol Co. (NYSE:APH)

TimesSquare Capital Management LLC grew its stake in shares of Amphenol Co. (NYSE:APH) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,576,613 shares of the electronics maker’s stock after buying an additional 12,005 shares during the period. Amphenol accounts for 1.5% of TimesSquare Capital Management LLC’s portfolio, making the stock its 14th biggest holding. TimesSquare Capital Management LLC’s holdings in Amphenol were worth $102,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its holdings in Amphenol by 3.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 36,277 shares of the electronics maker’s stock valued at $4,185,000 after buying an additional 1,173 shares in the last quarter. Empowered Funds LLC increased its holdings in Amphenol by 102.1% in the 1st quarter. Empowered Funds LLC now owns 28,838 shares of the electronics maker’s stock valued at $3,326,000 after acquiring an additional 14,568 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Amphenol by 78.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 26,645 shares of the electronics maker’s stock worth $3,074,000 after purchasing an additional 11,741 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Amphenol by 40.0% in the first quarter. Illinois Municipal Retirement Fund now owns 34,984 shares of the electronics maker’s stock worth $4,035,000 after purchasing an additional 9,991 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its position in shares of Amphenol by 1.7% during the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock valued at $544,000 after acquiring an additional 81 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APH has been the topic of a number of recent research reports. TD Cowen upped their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Vertical Research started 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. Bank of America lifted their price target on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Evercore ISI upped their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird lifted their target price on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Stock Down 0.1 %

Shares of APH opened at $73.87 on Friday. The firm has a market capitalization of $89.06 billion, a P/E ratio of 42.45, a P/E/G ratio of 2.40 and a beta of 1.23. Amphenol Co. has a 12-month low of $42.44 and a 12-month high of $74.60. The firm has a fifty day moving average price of $65.71 and a 200-day moving average price of $65.52. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53.

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

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.89%. Amphenol’s dividend payout ratio is presently 37.93%.

Insider Activity

In other Amphenol news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,242,672 shares of company stock worth $155,170,080. Corporate 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.