Amphenol Co. (NYSE:APH) Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,065,802 shares of the electronics maker's stock after acquiring an additional 1,689,632 shares during the quarter. Northern Trust Corp owned 1.08% of Amphenol worth $907,420,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of APH. Norges Bank purchased a new position in Amphenol during the 4th quarter worth $1,378,794,000. Price T Rowe Associates Inc. MD increased its stake in shares of Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after buying an additional 15,837,407 shares during the period. Wellington Management Group LLP raised its holdings in shares of Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after acquiring an additional 6,039,845 shares in the last quarter. FMR LLC lifted its stake in Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after acquiring an additional 2,643,752 shares during the period. Finally, Madison Investment Advisors LLC bought a new position in Amphenol during the 4th quarter worth about $157,749,000. Institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

APH has been the subject of several recent research reports. US Capital Advisors set a $85.00 price target on shares of Amphenol in a report on Thursday, April 24th. Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. TD Securities upped their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday. Finally, Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $81.62.

Amphenol Stock Performance

Shares of NYSE APH traded up $2.13 during midday trading on Friday, reaching $80.76. The company had a trading volume of 7,706,737 shares, compared to its average volume of 7,467,869. 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 business's 50-day simple moving average is $66.53 and its 200 day simple moving average is $69.37. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $81.00. The stock has a market cap of $97.69 billion, a P/E ratio of 42.17, a P/E/G ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the firm earned $0.40 earnings per share. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. On average, analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This represents a 49.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the sale, the chief financial officer now owns 100,000 shares of the company's stock, valued at $7,593,000. This trade represents a 80.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,965,000 shares of company stock valued at $224,785,900 in the last quarter. 1.67% of the stock is currently owned by company insiders.

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.