Robeco Institutional Asset Management B.V. Acquires 72,253 Shares of Amphenol Co. (NYSE:APH)

Robeco Institutional Asset Management B.V. increased its holdings in Amphenol Co. (NYSE:APH – Get Rating) by 42.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,431 shares of the electronics maker’s stock after purchasing an additional 72,253 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Amphenol were worth $16,301,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Bridgefront Capital LLC bought a new stake in Amphenol in the third quarter worth $316,000. Toroso Investments LLC boosted its holdings in Amphenol by 85.5% in the third quarter. Toroso Investments LLC now owns 17,259 shares of the electronics maker’s stock worth $1,156,000 after purchasing an additional 7,955 shares in the last quarter. IHT Wealth Management LLC bought a new stake in Amphenol in the third quarter worth $206,000. B. Riley Wealth Advisors Inc. boosted its holdings in Amphenol by 135.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 45,872 shares of the electronics maker’s stock worth $3,073,000 after purchasing an additional 26,361 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in Amphenol in the third quarter worth $3,794,000. 94.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

NYSE:APH opened at $76.79 on Friday. Amphenol Co. has a 12-month low of $61.67 and a 12-month high of $82.86. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $45.66 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.94 and a beta of 1.24. The firm has a 50-day moving average price of $79.18 and a 200 day moving average price of $76.38.

Amphenol (NYSE:APH – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Amphenol had a net margin of 15.07% and a return on equity of 27.93%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the business posted $0.70 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts anticipate that Amphenol Co. will post 2.96 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 12th. Stockholders of record on Tuesday, March 21st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, March 20th. Amphenol’s payout ratio is 27.45%.

Analysts Set New Price Targets

A number of research firms have issued reports on APH. Truist Financial upped their price target on shares of Amphenol from $84.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 23rd. StockNews.com cut shares of Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, March 11th. Jefferies Financial Group cut shares of Amphenol from a “buy” rating to a “hold” rating and upped their price target for the company from $87.00 to $88.00 in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Robert W. Baird decreased their price target on shares of Amphenol from $93.00 to $91.00 in a report on Thursday, January 26th. Finally, Credit Suisse Group initiated coverage on shares of Amphenol in a report on Monday, December 12th. They set an “outperform” rating and a $93.00 price target for the company. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.36.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 650,000 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $81.72, for a total transaction of $53,118,000.00. Following the completion of the sale, the chief executive officer now owns 967,424 shares of the company’s stock, valued at $79,057,889.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Richard Adam Norwitt sold 650,000 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $81.72, for a total transaction of $53,118,000.00. Following the completion of the sale, the chief executive officer now owns 967,424 shares of the company’s stock, valued at $79,057,889.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Lance E. D’amico sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $82.19, for a total transaction of $2,054,750.00. Following the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,112,283. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 804,800 shares of company stock valued at $65,769,622. Corporate insiders own 2.10% of the company’s stock.

Amphenol Company Profile

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Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.