Daiwa Securities Group Inc. Increases Stock Position in Amphenol Co. (NYSE:APH)

Daiwa Securities Group Inc. grew its stake in Amphenol Co. (NYSE:APH) by 50.9% during the third quarter, Holdings Channel.com reports. The fund owned 268,219 shares of the electronics maker’s stock after acquiring an additional 90,450 shares during the period. Daiwa Securities Group Inc.’s holdings in Amphenol were worth $17,477,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Texas Permanent School Fund Corp lifted its stake in Amphenol by 61.1% during the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock worth $13,458,000 after purchasing an additional 75,753 shares in the last quarter. United Services Automobile Association lifted its stake in Amphenol by 102.0% during the 2nd quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after acquiring an additional 16,149 shares in the last quarter. LMR Partners LLP boosted its holdings in Amphenol by 315.1% during the 3rd quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock valued at $19,209,000 after acquiring an additional 223,784 shares during the period. Advisors Asset Management Inc. grew its position in Amphenol by 22.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after acquiring an additional 19,496 shares in the last quarter. Finally, Choreo LLC increased its stake in Amphenol by 556.7% during the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after purchasing an additional 34,309 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amphenol

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction dated 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 sale, 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 Securities & Exchange Commission, which is accessible through this link. Also, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the transaction, the vice president now owns 14,000 shares in the company, valued at $963,760. This trade represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock valued at $128,858,080 in the last three months. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on APH. Bank of America raised their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Robert W. Baird boosted their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI increased their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Truist Financial boosted 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. Finally, TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Stock Performance

Shares of APH opened at $74.29 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 52-week low of $44.81 and a 52-week high of $74.70. The stock has a 50 day moving average price of $67.65 and a 200 day moving average price of $66.40. The company has a market capitalization of $89.56 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 2.44 and a beta of 1.23.

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

Amphenol Announces Dividend

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

Amphenol Company 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.