United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Raises Stock Holdings in Amphenol Corporation (NYSE:APH)

Key Points

• United Super Pty Ltd increased its holdings in Amphenol Corporation by 19.7% in the first quarter, now owning around 967,112 shares valued at approximately $63.43 million.
• Analysts have raised their price target for Amphenol, with Truist Financial setting it from $102.00 to $126.00, while JPMorgan increased theirs from $120.00 to $125.00.
• Amphenol announced a quarterly dividend of $0.165 per share, with an ex-dividend date on September 16th, reflecting an annualized payout of $0.66.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in Amphenol Corporation (NYSE:APH - Free Report) by 19.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 967,112 shares of the electronics maker's stock after purchasing an additional 158,962 shares during the period. Amphenol makes up approximately 2.6% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings, making the stock its 14th largest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned about 0.08% of Amphenol worth $63,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of APH. Hughes Financial Services LLC bought a new stake in Amphenol during the first quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Amphenol during the first quarter valued at about $28,000. Global X Japan Co. Ltd. bought a new stake in shares of Amphenol in the 1st quarter valued at about $44,000. Coppell Advisory Solutions LLC bought a new position in shares of Amphenol during the 4th quarter worth approximately $48,000. Finally, Meeder Asset Management Inc. lifted its position in Amphenol by 30.5% during the first quarter. Meeder Asset Management Inc. now owns 856 shares of the electronics maker's stock valued at $56,000 after acquiring an additional 200 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on APH. KGI Securities started coverage on Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating on the stock. Citigroup increased their price target on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Evercore ISI raised their price target on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. TD Securities increased their price objective on shares of 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 boosted their target price on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $102.23.

Insiders Place Their Bets

In related news, insider William J. Doherty sold 160,000 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.09, for a total value of $8,909,000.00. Following the sale, the vice president directly owned 12,500 shares in the company, valued at approximately $1,113,625. The trade was a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 586,000 shares of company stock valued at $52,935,980 over the last quarter. Corporate insiders own 1.67% of the company's stock.

Amphenol Price Performance

Shares of NYSE:APH traded up $4.22 during trading on Monday, reaching $108.53. The stock had a trading volume of 8,990,894 shares, compared to its average volume of 9,307,081. The business has a fifty day moving average price of $96.99 and a 200-day moving average price of $79.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. The stock has a market cap of $132.51 billion, a PE ratio of 43.24, a PEG ratio of 1.74 and a beta of 1.13. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $108.85.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The firm's revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. On average, equities analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.165 per share. 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 payout ratio is 26.29%.

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.