United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $52.26 Million Holdings in Amphenol Co. (NYSE:APH)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund reduced its position in Amphenol Co. (NYSE:APH) by 5.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 802,050 shares of the electronics maker’s stock after selling 47,684 shares during the quarter. Amphenol makes up 2.1% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s portfolio, making the stock its 16th largest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Amphenol were worth $52,262,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC increased its stake in Amphenol by 23.4% in the first quarter. Concurrent Investment Advisors LLC now owns 4,979 shares of the electronics maker’s stock valued at $574,000 after acquiring an additional 945 shares during the period. Bleakley Financial Group LLC boosted its position in Amphenol by 3.5% in the first quarter. Bleakley Financial Group LLC now owns 15,824 shares of the electronics maker’s stock valued at $1,825,000 after buying an additional 531 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Amphenol by 7.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 21,109 shares of the electronics maker’s stock worth $2,435,000 after buying an additional 1,412 shares in the last quarter. Dearborn Partners LLC bought a new stake in shares of Amphenol during the first quarter worth $708,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in Amphenol by 6.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 689,245 shares of the electronics maker’s stock worth $79,504,000 after acquiring an additional 41,599 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on APH shares. TD Cowen boosted their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Vertical Research started coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Bank of America boosted their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Robert W. Baird upped their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Truist Financial raised their target price on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Insider Activity

In related news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William J. Doherty sold 300,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,242,672 shares of company stock valued at $155,170,080. 1.80% of the stock is owned by company insiders.

Amphenol Stock Performance

Shares of APH traded up $0.64 during trading hours on Wednesday, hitting $72.63. The company had a trading volume of 943,592 shares, compared to its average volume of 6,626,229. The firm has a market cap of $87.56 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 2.44 and a beta of 1.23. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The business has a fifty day moving average of $66.03 and a 200-day moving average of $65.81. Amphenol Co. has a 12 month low of $43.51 and a 12 month high of $74.70.

Amphenol (NYSE:APH) last issued its quarterly earnings data 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. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. Equities analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

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

Amphenol 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.