Dai ichi Life Insurance Company Ltd Decreases Stake in Amphenol Co. (NYSE:APH)

Dai ichi Life Insurance Company Ltd lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 25.9% in the third quarter, Holdings Channel.com reports. The fund owned 250,232 shares of the electronics maker’s stock after selling 87,410 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Amphenol were worth $16,305,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of APH. Janus Henderson Group PLC raised its holdings in shares of Amphenol by 0.4% during the first quarter. Janus Henderson Group PLC now owns 817,170 shares of the electronics maker’s stock valued at $94,259,000 after purchasing an additional 3,090 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Amphenol by 0.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after acquiring an additional 80 shares during the period. California State Teachers Retirement System raised its stake in shares of Amphenol by 1.4% during the first quarter. California State Teachers Retirement System now owns 963,159 shares of the electronics maker’s stock valued at $111,100,000 after acquiring an additional 13,246 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Amphenol during the first quarter valued at about $52,000. Finally, William Howard & Co Financial Advisors Inc purchased a new stake in shares of Amphenol during the first quarter valued at $851,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by company insiders.

Amphenol Stock Performance

NYSE APH opened at $73.32 on Tuesday. The company’s fifty day moving average is $67.85 and its two-hundred day moving average is $66.47. 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 52-week low of $44.81 and a 52-week high of $74.93. The firm has a market capitalization of $88.40 billion, a price-to-earnings ratio of 42.14, a P/E/G ratio of 2.47 and a beta of 1.23.

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

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders 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 yield of 0.90%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on APH shares. Bank of America raised their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Truist Financial lifted their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Robert W. Baird upped their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen lifted their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Evercore ISI boosted their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

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.