Amphenol Co. (NYSE:APH) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB increased its holdings in Amphenol Co. (NYSE:APH) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,563 shares of the electronics maker’s stock after buying an additional 5,298 shares during the period. Nordea Investment Management AB’s holdings in Amphenol were worth $6,724,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Trifecta Capital Advisors LLC increased its stake 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 purchasing an additional 338 shares in the last quarter. Bell Investment Advisors Inc boosted its stake in shares of Amphenol by 83.3% during the second quarter. Bell Investment Advisors Inc now owns 462 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 210 shares during the last quarter. Core Alternative Capital increased its position in Amphenol by 100.0% during the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 231 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Continuum Advisory LLC grew its holdings in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after buying an additional 234 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction dated 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 directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This represents a 31.76 % 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 ninety days. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

APH has been the topic of a number of analyst reports. Truist Financial raised 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. Robert W. Baird lifted their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” 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 stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen upped their price target 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, Bank of America boosted 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. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Trading Up 0.6 %

NYSE APH opened at $71.86 on Friday. The company’s fifty day simple moving average is $71.95 and its 200-day simple moving average is $67.65. The stock has a market cap of $86.64 billion, a P/E ratio of 41.30, a PEG ratio of 2.44 and a beta of 1.24. Amphenol Co. has a 52 week low of $47.38 and a 52 week high of $75.78. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $3.81 billion. During the same period last year, the firm earned $0.39 earnings per share. The company’s revenue was up 26.3% on a year-over-year basis. Equities research analysts predict that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business 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 annualized dividend and a yield of 0.92%. 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.