Thrivent Financial for Lutherans Increases Position in Amphenol Co. (NYSE:APH)

Thrivent Financial for Lutherans lifted its position in Amphenol Co. (NYSE:APH) by 3.7% in the third quarter, Holdings Channel reports. The firm owned 787,818 shares of the electronics maker’s stock after buying an additional 27,942 shares during the period. Thrivent Financial for Lutherans’ holdings in Amphenol were worth $51,334,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in Amphenol by 92.0% during the 2nd 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 acquiring an additional 17,552,921 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Amphenol by 6.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock valued at $3,601,694,000 after acquiring an additional 1,979,022 shares in 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 acquiring an additional 9,487,387 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in Amphenol by 88.9% during the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock valued at $1,041,204,000 after acquiring an additional 7,275,279 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Amphenol by 116.6% during the 2nd 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 in the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

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

Amphenol Stock Performance

Shares of APH stock opened at $69.90 on Tuesday. The business has a fifty day moving average of $66.86 and a 200 day moving average of $66.12. The firm has a market capitalization of $84.27 billion, a price-to-earnings ratio of 40.17, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23. Amphenol Co. has a 1 year low of $44.51 and a 1 year high of $74.70. 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 (NYSE:APH) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The business 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%. The company’s revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. As a group, research analysts expect that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. Amphenol’s payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent research reports. Evercore ISI increased their target price 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 increased their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen increased their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Bank of America increased their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Truist Financial increased their price objective on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amphenol has a consensus 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.