Janus Henderson Group PLC Acquires 3,933,269 Shares of Amphenol Co. (NYSE:APH)

Janus Henderson Group PLC lifted its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 118.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,256,290 shares of the electronics maker's stock after purchasing an additional 3,933,269 shares during the period. Janus Henderson Group PLC owned 0.60% of Amphenol worth $503,975,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APH. Norges Bank bought a new position in shares of Amphenol in the fourth quarter worth about $1,378,794,000. Bank of America Corp DE increased its holdings in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after purchasing an additional 18,619,417 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Amphenol by 619.9% during the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after buying an additional 6,039,845 shares in the last quarter. Finally, FMR LLC boosted its position in Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after buying an additional 2,643,752 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on APH shares. TD Securities lifted their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Truist Financial lifted their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Citigroup upped their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Robert W. Baird raised their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Five 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $81.62.

Amphenol Stock Up 0.2 %

APH stock opened at $80.78 on Friday. The business's fifty day moving average price is $68.09 and its two-hundred day moving average price is $69.84. The stock has a market capitalization of $97.71 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 1.92 and a beta of 1.10. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $81.82. 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 (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. On average, equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Insider Activity

In other news, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the transaction, the chief financial officer now owns 100,000 shares of the company's stock, valued at $7,593,000. This represents a 80.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the sale, the insider now directly owns 447,790 shares in the company, valued at $33,991,738.90. The trade was a 46.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,178,500 shares of company stock worth $241,903,805. Insiders own 1.67% of the company's stock.

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.

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