Meeder Advisory Services Inc. Has $2.26 Million Stake in Amphenol Co. (NYSE:APH)

Meeder Advisory Services Inc. cut its holdings in shares of Amphenol Co. (NYSE:APH) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,708 shares of the electronics maker’s stock after selling 1,581 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Amphenol were worth $2,262,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Texas Permanent School Fund Corp grew its position in Amphenol by 61.1% in the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock valued at $13,458,000 after acquiring an additional 75,753 shares during the period. United Services Automobile Association grew its holdings in shares of Amphenol by 102.0% during the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after buying an additional 16,149 shares in the last quarter. Choreo LLC grew its stake in Amphenol by 556.7% in the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock valued at $2,732,000 after purchasing an additional 34,309 shares in the last quarter. Angeles Wealth Management LLC lifted its position in shares of Amphenol by 102.4% in the second quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock valued at $258,000 after buying an additional 1,936 shares during the last quarter. Finally, Czech National Bank lifted its holdings in Amphenol by 7.2% during the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $15,985,000 after purchasing an additional 16,425 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Trading Down 0.7 %

APH opened at $70.00 on Monday. The business has a 50 day simple moving average of $66.68 and a two-hundred day simple moving average of $66.05. The firm has a market capitalization of $84.39 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 2.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. Amphenol Co. has a one year low of $44.51 and a one year high of $74.70.

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

Amphenol Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. Amphenol’s payout ratio is 37.93%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APH. Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Robert W. Baird raised their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen raised their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Vertical Research began coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. Finally, Truist Financial lifted their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.63.

Insider Activity

In other news, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the transaction, the chief financial officer now owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock valued at $128,858,080 in the last ninety days. 1.80% of the stock is currently owned by company 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.