abrdn plc Buys 100,777 Shares of Amphenol Co. (NYSE:APH)

abrdn plc boosted its stake in shares of Amphenol Co. (NYSE:APH) by 69.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 245,558 shares of the electronics maker’s stock after buying an additional 100,777 shares during the period. abrdn plc’s holdings in Amphenol were worth $24,342,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Amphenol by 55.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,376,669 shares of the electronics maker’s stock valued at $199,616,000 after purchasing an additional 845,637 shares during the last quarter. Invesco Ltd. boosted its stake in Amphenol by 21.7% during the 3rd quarter. Invesco Ltd. now owns 4,090,708 shares of the electronics maker’s stock valued at $343,579,000 after purchasing an additional 729,849 shares during the last quarter. FMR LLC boosted its stake in Amphenol by 1.3% during the 3rd quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock valued at $4,661,480,000 after purchasing an additional 691,964 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Amphenol by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock valued at $1,283,360,000 after purchasing an additional 653,354 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Amphenol by 4.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,145,093 shares of the electronics maker’s stock valued at $1,104,056,000 after purchasing an additional 564,110 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock valued at $31,846,050 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Amphenol Price Performance

NYSE APH opened at $114.28 on Wednesday. The company has a market capitalization of $68.75 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.95 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. The business’s fifty day moving average is $111.23 and its 200 day moving average is $99.18. Amphenol Co. has a fifty-two week low of $72.00 and a fifty-two week high of $119.59.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. Amphenol’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. Sell-side analysts predict that Amphenol Co. will post 3.28 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. Amphenol’s dividend payout ratio is presently 28.30%.

Wall Street Analysts Forecast Growth

Several analysts have commented on APH shares. JPMorgan Chase & Co. increased their target price on Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. UBS Group raised their price target on Amphenol from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Evercore ISI raised their price target on Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Citigroup raised their price target on Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Finally, Bank of America raised their price target on Amphenol from $117.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

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.