Prudential PLC Acquires 10,302 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• Prudential PLC has increased its holdings in Amphenol Corporation by 53.6%, acquiring an additional 10,302 shares and now owning a total of 29,518 shares valued at approximately $1.94 million.
• Several analysts have raised their price targets for Amphenol, with estimates ranging from $70.00 to $125.00, while the overall consensus rating is a "Moderate Buy" with a target of $104.92.
• Amphenol recently declared a quarterly dividend of $0.165 per share, set to be paid on October 8th, representing a yield of 0.6% based on its current stock price.

Prudential PLC grew its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 53.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,518 shares of the electronics maker's stock after buying an additional 10,302 shares during the quarter. Prudential PLC's holdings in Amphenol were worth $1,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in APH. Hughes Financial Services LLC purchased a new stake in shares of Amphenol during the 1st quarter valued at $25,000. Avalon Trust Co raised its position in shares of Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after buying an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Amphenol during the 1st quarter valued at $28,000. SouthState Corp purchased a new stake in shares of Amphenol during the 1st quarter valued at $36,000. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of Amphenol during the 1st quarter valued at $44,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Activity at Amphenol

In related news, insider Luc Walter sold 286,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the transaction, the insider directly owned 451,790 shares of the company's stock, valued at $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the transaction, the vice president directly owned 152,412 shares of the company's stock, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 812,000 shares of company stock valued at $77,703,320 in the last three months. Corporate insiders own 1.67% of the company's stock.

Amphenol Trading Down 1.4%

Shares of APH stock traded down $1.54 during mid-day trading on Friday, reaching $109.20. The stock had a trading volume of 6,535,524 shares, compared to its average volume of 9,348,532. The stock's 50-day moving average price is $100.89 and its two-hundred day moving average price is $82.29. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $112.35. The firm has a market capitalization of $133.32 billion, a PE ratio of 43.51, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the firm earned $0.44 earnings per share. Amphenol's revenue was up 56.5% on a year-over-year basis. Equities analysts expect that Amphenol Corporation 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, October 8th. Investors of record on Tuesday, September 16th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's dividend payout ratio is presently 26.29%.

Wall Street Analyst Weigh In

APH has been the subject of several recent research reports. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a research note on Friday, July 11th. Truist Financial boosted their target price on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. KGI Securities started coverage on Amphenol in a report on Thursday, June 26th. They set a "hold" rating for the company. TD Securities lifted their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, UBS Group lifted their target price on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and a consensus target price of $104.92.

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.