Strs Ohio Acquires 191,243 Shares of Amphenol Corporation $APH

Strs Ohio lifted its holdings in shares of Amphenol Corporation (NYSE:APH) by 53.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 552,346 shares of the electronics maker’s stock after buying an additional 191,243 shares during the period. Strs Ohio’s holdings in Amphenol were worth $68,353,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in APH. Geode Capital Management LLC grew its position in Amphenol by 8.4% in the 2nd quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock worth $2,804,338,000 after purchasing an additional 2,217,079 shares during the period. Norges Bank bought a new stake in shares of Amphenol in the second quarter worth $2,104,244,000. Franklin Resources Inc. increased its position in Amphenol by 13.4% during the second quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock valued at $1,239,017,000 after acquiring an additional 1,486,105 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Amphenol by 1.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,088,586 shares of the electronics maker’s stock worth $699,998,000 after purchasing an additional 133,966 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Amphenol by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,883,759 shares of the electronics maker’s stock valued at $581,021,000 after purchasing an additional 210,551 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 120,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the transaction, the vice president directly owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This trade represents a 90.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William J. Doherty sold 80,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total transaction of $11,283,200.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 698,076 shares of company stock worth $99,081,306 in the last three months. Insiders own 1.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on APH shares. US Capital Advisors set a $165.00 price objective on shares of Amphenol in a report on Friday, January 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research note on Wednesday. Citigroup restated a “buy” rating and issued a $175.00 price objective (up from $160.00) on shares of Amphenol in a research note on Monday, January 12th. Truist Financial set a $182.00 target price on Amphenol in a research report on Tuesday, January 13th. Finally, Evercore ISI restated an “outperform” rating and issued a $165.00 price target on shares of Amphenol in a research report on Tuesday. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.62.

Amphenol Stock Performance

NYSE APH opened at $152.50 on Friday. The business has a 50-day moving average price of $139.09 and a 200-day moving average price of $125.07. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $157.54. The firm has a market cap of $186.67 billion, a price-to-earnings ratio of 50.83, a price-to-earnings-growth ratio of 0.97 and a beta of 1.21.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company’s revenue was up 53.4% on a year-over-year basis. During the same period last year, the firm posted $0.50 EPS. As a group, equities research analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.