Mediolanum International Funds Ltd Has $5.88 Million Stock Position in Amphenol Co. (NYSE:APH)

Mediolanum International Funds Ltd grew its stake in Amphenol Co. (NYSE:APH) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,861 shares of the electronics maker’s stock after buying an additional 9,345 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Amphenol were worth $5,883,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in APH. State Street Corp boosted its stake in Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after purchasing an additional 1,537,880 shares during the period. Geode Capital Management LLC boosted its position in shares of Amphenol by 2.3% during the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after buying an additional 564,991 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Amphenol by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock worth $427,363,000 after buying an additional 63,180 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Amphenol by 25.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock valued at $347,297,000 after buying an additional 1,073,480 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after acquiring an additional 2,032,402 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on APH. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Evercore ISI increased 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. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Insider Activity

In other Amphenol news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the sale, the vice president now owns 14,000 shares of the company’s stock, valued at $1,005,340. The trade was a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction that occurred 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. Over the last 90 days, insiders sold 612,000 shares of company stock valued at $44,177,640. 1.80% of the stock is owned by company insiders.

Amphenol Stock Down 1.3 %

APH opened at $70.75 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock’s fifty day simple moving average is $71.96 and its 200 day simple moving average is $67.99. Amphenol Co. has a 1-year low of $50.48 and a 1-year high of $79.39. The stock has a market cap of $85.29 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. Amphenol’s revenue was up 29.8% compared to the same quarter last year. As a group, research analysts expect that Amphenol Co. will post 2.25 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th 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 0.93%. The ex-dividend date is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 34.46%.

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.