24,460 Shares of Amphenol Corporation $APH Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Amphenol Corporation (NYSE:APH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,460 shares of the electronics maker’s stock, valued at approximately $2,062,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Amphenol by 85.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 91 shares during the period. Retirement Wealth Solutions LLC raised its position in shares of Amphenol by 831.2% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 298 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 266 shares in the last quarter. Sunrise Financial Services LLC raised its position in shares of Amphenol by 100.0% in the 3rd quarter. Sunrise Financial Services LLC now owns 324 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 162 shares in the last quarter. NFSG Corp purchased a new position in shares of Amphenol in the 3rd quarter valued at approximately $28,000. Finally, Wilkerson Advisory Group LLC lifted its stake in shares of Amphenol by 57.4% in the 1st quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 85 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Richard Norwitt sold 799,576 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $82.48, for a total value of $65,949,028.48. Following the sale, the chief executive officer directly owned 3,855,014 shares of the company’s stock, valued at approximately $317,961,554.72. This represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on APH. Bank of America lifted their price target on Amphenol from $99.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday, October 13th. Zacks Research upgraded Amphenol from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Citigroup reissued a “buy” rating and set a $115.00 price objective (up from $112.00) on shares of Amphenol in a research report on Thursday, October 29th. Truist Financial boosted their target price on shares of Amphenol from $107.50 to $112.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Amphenol from $107.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $108.32.

Amphenol Price Performance

APH stock opened at $71.73 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.42 and a current ratio of 1.94. The firm has a 50 day moving average price of $81.42 and a 200-day moving average price of $75.54. Amphenol Corporation has a 52-week low of $59.01 and a 52-week high of $89.93. The firm has a market capitalization of $177.13 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 0.94 and a beta of 1.27.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The company had revenue of $10.23 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The firm’s quarterly revenue was up 65.1% compared to the same quarter last year. Equities research analysts forecast that Amphenol Corporation will post 2.84 EPS for the current fiscal year.

Amphenol announced that its Board of Directors has approved a stock buyback plan on Wednesday, October 28th that permits the company to buy back $4 billion in shares. This buyback authorization permits the electronics maker to purchase up to 2% of its stock through open market purchases. Share buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Amphenol Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.8%. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, December 22nd. Amphenol’s dividend payout ratio is presently 21.74%.

About Amphenol

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.