California State Teachers Retirement System Has $132.26 Million Holdings in Amphenol Co. (NYSE:APH)

California State Teachers Retirement System trimmed its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,904,387 shares of the electronics maker's stock after selling 70,662 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Amphenol worth $132,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tacita Capital Inc boosted its holdings in Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after buying an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Amphenol in the 4th quarter valued at $28,000. Rialto Wealth Management LLC acquired a new position in shares of Amphenol during the fourth quarter worth about $28,000. Rakuten Securities Inc. boosted its holdings in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after acquiring an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Amphenol in the fourth quarter valued at $32,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amphenol news, CFO Craig A. Lampo sold 400,000 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the sale, the chief financial officer now directly owns 100,000 shares in the company, valued at approximately $7,593,000. This trade represents a 80.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Lance E. D'amico sold 175,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,920,792. This trade represents a 77.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,965,000 shares of company stock valued at $224,785,900. Company insiders own 1.67% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on APH. Robert W. Baird raised their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Citigroup raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Truist Financial upped their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price target on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.62.

Amphenol Price Performance

Shares of APH traded up $2.13 during trading hours on Friday, hitting $80.76. 7,706,737 shares of the company were exchanged, compared to its average volume of 7,467,869. The firm has a fifty day simple moving average of $66.53 and a 200-day simple moving average of $69.37. The company has a market capitalization of $97.69 billion, a PE ratio of 42.17, a PEG ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a one year low of $54.77 and a one year high of $81.00.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. As a group, sell-side analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

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.