American Century Companies Inc. Has $4.36 Million Stake in Amphenol Co. (NYSE:APH)

American Century Companies Inc. boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 23.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,858 shares of the electronics maker’s stock after acquiring an additional 9,992 shares during the quarter. American Century Companies Inc.’s holdings in Amphenol were worth $4,356,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in APH. Banque Pictet & Cie SA increased its stake in shares of Amphenol by 1.8% during the 3rd quarter. Banque Pictet & Cie SA now owns 18,691 shares of the electronics maker’s stock worth $1,570,000 after purchasing an additional 327 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of Amphenol by 40.4% during the 3rd quarter. EP Wealth Advisors LLC now owns 7,769 shares of the electronics maker’s stock worth $653,000 after purchasing an additional 2,235 shares during the last quarter. Graham Capital Management L.P. acquired a new position in shares of Amphenol during the 3rd quarter worth $6,751,000. Dynamo Internacional Gestao DE Recursos LTDA. increased its stake in shares of Amphenol by 27.6% during the 3rd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 255,309 shares of the electronics maker’s stock worth $21,443,000 after purchasing an additional 55,292 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Amphenol by 69.9% during the 3rd quarter. Creative Planning now owns 401,410 shares of the electronics maker’s stock worth $33,714,000 after purchasing an additional 165,186 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on APH. Evercore ISI upped their price objective on shares of Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday. The Goldman Sachs Group upped their price objective on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Truist Financial upped their price objective on shares of Amphenol from $97.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Robert W. Baird upped their price objective on shares of Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Stifel Nicolaus upped their price objective on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $104.40.

Amphenol Price Performance

Shares of Amphenol stock opened at $115.30 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. Amphenol Co. has a fifty-two week low of $72.00 and a fifty-two week high of $119.59. The firm has a fifty day moving average price of $106.17 and a two-hundred day moving average price of $94.99. The company has a market cap of $69.16 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 3.26 and a beta of 1.30.

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

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Monday, March 18th. Amphenol’s dividend payout ratio is 28.30%.

Insider Activity

In other news, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the transaction, the chief financial officer now owns 147,045 shares in the company, valued at approximately $15,391,200.15. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, insider William J. Doherty sold 170,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 305,000 shares of company stock worth $31,846,050. 2.22% of the stock is currently owned by corporate insiders.

Amphenol Company 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.