Investment Management Corp of Ontario Purchases 13,000 Shares of Amphenol Co. (NYSE:APH)

Investment Management Corp of Ontario raised its position in Amphenol Co. (NYSE:APH) by 48.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,946 shares of the electronics maker’s stock after purchasing an additional 13,000 shares during the period. Investment Management Corp of Ontario’s holdings in Amphenol were worth $2,603,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Beacon Capital Management LLC lifted its holdings in shares of Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC lifted its holdings in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Amphenol during the 2nd quarter worth $29,000. Trifecta Capital Advisors LLC lifted its holdings in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 338 shares during the last quarter. Finally, Sachetta LLC lifted its holdings in shares of Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the company’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 value of $61,975,240.32. Following the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock valued at $128,858,080 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Amphenol Price Performance

APH stock opened at $74.38 on Thursday. Amphenol Co. has a 12-month low of $45.47 and a 12-month high of $74.93. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $68.98 and its two-hundred day moving average price is $66.86. The stock has a market capitalization of $89.67 billion, a price-to-earnings ratio of 42.75, a PEG ratio of 2.43 and a beta of 1.24.

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

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of research analyst reports. Bank of America lifted their price objective on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Robert W. Baird lifted their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial lifted their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. TD Cowen lifted their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Evercore ISI lifted their target price 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 equities research 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 company’s stock. According to data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $69.63.

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.