Rockefeller Capital Management L.P. Boosts Stock Holdings in Amphenol Co. (NYSE:APH)

Rockefeller Capital Management L.P. lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 1.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 212,612 shares of the electronics maker’s stock after acquiring an additional 3,934 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Amphenol were worth $13,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in Amphenol by 92.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after buying an additional 17,552,921 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Amphenol by 69.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after acquiring an additional 9,487,387 shares during the period. Mawer Investment Management Ltd. lifted its stake in Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after purchasing an additional 7,275,279 shares in the last quarter. Legal & General Group Plc boosted its holdings in Amphenol by 116.6% in the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after purchasing an additional 5,293,292 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Amphenol by 263.0% in the 2nd quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker’s stock valued at $240,935,000 after purchasing an additional 2,585,282 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Amphenol stock opened at $73.09 on Tuesday. The firm has a fifty day simple moving average of $68.51 and a two-hundred day simple moving average of $66.71. 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 twelve month low of $45.47 and a twelve month high of $74.93. The company has a market capitalization of $88.11 billion, a PE ratio of 42.00, a P/E/G ratio of 2.42 and a beta of 1.23.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the previous year, the company posted $0.39 EPS. Amphenol’s revenue for the quarter was up 26.3% on a year-over-year basis. Research analysts expect that Amphenol Co. will post 1.84 EPS for the current 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 0.90%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio is 37.93%.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the transaction, the vice president now directly owns 14,000 shares of the company’s stock, valued at $963,760. The trade was a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 over the last three months. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on APH. Robert W. Baird increased their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Evercore ISI lifted their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen upped their price objective 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. Truist Financial raised their target price on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Bank of America increased their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.