The Manufacturers Life Insurance Company Increases Stock Position in Amphenol Co. (NYSE:APH)

The Manufacturers Life Insurance Company increased its position in shares of Amphenol Co. (NYSE:APH) by 157.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,932,159 shares of the electronics maker’s stock after buying an additional 1,180,944 shares during the period. The Manufacturers Life Insurance Company owned 0.16% of Amphenol worth $125,899,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC boosted its holdings in Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC boosted its holdings in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 188 shares in the last quarter. Sachetta LLC boosted its holdings in Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after buying an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC lifted its holdings in Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Amphenol during the second quarter valued at $29,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on APH shares. TD Cowen increased their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Robert W. Baird increased their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America increased their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Evercore ISI increased their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial increased their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.63.

Insiders Place Their Bets

In other news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. 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 ninety days. Company insiders own 1.80% of the company’s stock.

Amphenol Price Performance

Shares of APH stock opened at $73.27 on Wednesday. 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 firm’s 50-day moving average is $68.04 and its two-hundred day moving average is $66.53. Amphenol Co. has a 12 month low of $44.81 and a 12 month high of $74.93. The company has a market capitalization of $88.34 billion, a PE ratio of 42.11, a price-to-earnings-growth ratio of 2.47 and a beta of 1.23.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping 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 company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. Amphenol’s quarterly revenue was up 26.3% compared to the same quarter last year. Analysts predict 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 paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

About Amphenol

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.