Healthcare of Ontario Pension Plan Trust Fund Boosts Stock Holdings in Amphenol Co. (NYSE:APH)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Amphenol Co. (NYSE:APH) by 29,759.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 149,893 shares of the electronics maker’s stock after buying an additional 149,391 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Amphenol were worth $9,767,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in Amphenol by 92.0% in the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after purchasing an additional 17,552,921 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Amphenol by 69.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock valued at $1,564,711,000 after buying an additional 9,487,387 shares during the period. Mawer Investment Management Ltd. grew its holdings in Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after acquiring an additional 7,275,279 shares during the last quarter. Legal & General Group Plc increased its position in shares of Amphenol by 116.6% in the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after acquiring an additional 5,293,292 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Amphenol by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock valued at $427,363,000 after acquiring an additional 63,180 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APH has been the topic of a number of research analyst reports. Truist Financial boosted their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI raised their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. TD Cowen boosted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Robert W. Baird raised their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America boosted their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Stock Performance

Amphenol stock opened at $72.69 on Friday. The stock’s 50 day moving average is $68.51 and its 200 day moving average is $66.68. The company has a market capitalization of $87.64 billion, a P/E ratio of 41.78, a PEG ratio of 2.42 and a beta of 1.23. Amphenol Co. has a twelve month low of $45.01 and a twelve month high of $74.93. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. Amphenol’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, equities research analysts predict that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

Insider Activity at Amphenol

In other news, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the transaction, the vice president now directly owns 14,000 shares of the company’s stock, valued at $963,760. This represents a 92.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. The trade was a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by corporate insiders.

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.