South Dakota Investment Council Has $736,000 Holdings in Amphenol Co. (NYSE:APH)

South Dakota Investment Council lowered its stake in shares of Amphenol Co. (NYSE:APH) by 64.7% during the fourth quarter, HoldingsChannel reports. The firm owned 7,422 shares of the electronics maker’s stock after selling 13,600 shares during the quarter. South Dakota Investment Council’s holdings in Amphenol were worth $736,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peoples Bank KS bought a new stake in shares of Amphenol in the 3rd quarter valued at about $27,000. Mendota Financial Group LLC bought a new stake in shares of Amphenol in the 4th quarter valued at $33,000. Venturi Wealth Management LLC increased its stake in Amphenol by 75.5% in the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 142 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of Amphenol by 70.8% during the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 138 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Amphenol during the 3rd quarter worth approximately $34,000. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

Shares of APH opened at $119.00 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.48. The firm has a market cap of $71.59 billion, a PE ratio of 36.39, a PEG ratio of 3.10 and a beta of 1.30. Amphenol Co. has a 1 year low of $72.00 and a 1 year high of $119.59. The stock’s fifty day moving average price is $111.74 and its two-hundred day moving average price is $99.44.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.07. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share. On average, equities research analysts forecast that Amphenol Co. will post 3.29 EPS for the current year.

Amphenol announced that its board has initiated a stock repurchase plan on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s payout ratio is currently 26.91%.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction on 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 filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

APH has been the subject of several recent research reports. Robert W. Baird boosted their price objective on Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday. Truist Financial boosted their target price on shares of Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday. Stifel Nicolaus raised their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Bank of America boosted their price objective on Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on Amphenol from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.83.

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.