Mountain Pacific Investment Advisers LLC Has $76.38 Million Stake in Amphenol Co. (NYSE:APH)

Mountain Pacific Investment Advisers LLC trimmed its stake in shares of Amphenol Co. (NYSE:APH) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,099,807 shares of the electronics maker’s stock after selling 18,318 shares during the quarter. Amphenol makes up 5.4% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 2nd largest position. Mountain Pacific Investment Advisers LLC owned approximately 0.09% of Amphenol worth $76,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc grew its stake in shares of Amphenol by 116.6% in the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock worth $662,458,000 after purchasing an additional 5,293,292 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after buying an additional 2,032,402 shares during the period. Two Sigma Advisers LP bought a new stake in shares of Amphenol in the 3rd quarter worth approximately $113,828,000. State Street Corp increased its stake in shares of Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after buying an additional 1,537,880 shares during the period. Finally, APG Asset Management N.V. lifted its stake in Amphenol by 136.5% in the second quarter. APG Asset Management N.V. now owns 2,564,548 shares of the electronics maker’s stock worth $161,207,000 after acquiring an additional 1,480,331 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

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 stock was 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 owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock worth $128,858,080 in the last three months. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Robert W. Baird upped their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Citigroup raised their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. Evercore ISI increased their target price on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America lifted their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Truist Financial raised their price objective on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.79.

Amphenol Price Performance

Shares of NYSE:APH opened at $69.44 on Tuesday. The firm’s 50 day simple moving average is $71.82 and its two-hundred day simple moving average is $67.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The company has a market capitalization of $83.71 billion, a P/E ratio of 39.91, a P/E/G ratio of 2.01 and a beta of 1.24. Amphenol Co. has a 1-year low of $47.76 and a 1-year high of $75.78.

Amphenol (NYSE:APH) last issued its 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 company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. Amphenol’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. Research analysts expect that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were issued a $0.165 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.95%. Amphenol’s dividend payout ratio is presently 37.93%.

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.