Amphenol Co. (NYSE:APH) Shares Sold by South Dakota Investment Council

South Dakota Investment Council lessened its position in shares of Amphenol Co. (NYSE:APH) by 64.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Peoples Bank KS purchased a new stake in shares of Amphenol in the third quarter worth about $27,000. Venturi Wealth Management LLC raised its position in Amphenol by 75.5% in the 4th 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 stake in shares of Amphenol by 70.8% in the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after buying an additional 138 shares during the period. Mendota Financial Group LLC acquired a new position in shares of Amphenol during the fourth quarter worth about $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Amphenol during the third quarter worth approximately $34,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the sale, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,000 shares of company stock valued at $31,846,050. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

APH has been the topic of a number of analyst reports. Evercore ISI raised their price objective on shares of Amphenol from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. upped their price objective on Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday. Stifel Nicolaus increased their price objective on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Jefferies Financial Group initiated coverage on Amphenol in a research note on Tuesday, April 9th. They set a “hold” rating and a $125.00 target price for the company. Finally, Truist Financial increased their price target on shares of Amphenol from $121.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.83.

Amphenol Stock Up 2.3 %

Shares of NYSE APH opened at $119.00 on Friday. The firm has a market cap of $71.59 billion, a P/E ratio of 36.39, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 2.06. Amphenol Co. has a 1 year low of $72.00 and a 1 year high of $119.59. The firm’s 50 day moving average price is $111.74 and its 200 day moving average price is $99.44.

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

Amphenol announced that its Board of Directors has authorized a share repurchase program on Wednesday, April 24th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Amphenol Announces Dividend

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

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.