Mercer Global Advisors Inc. ADV Invests $48.04 Million in Amphenol Co. (NYSE:APH)

Mercer Global Advisors Inc. ADV purchased a new stake in Amphenol Co. (NYSE:APH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 691,764 shares of the electronics maker's stock, valued at approximately $48,043,000. Mercer Global Advisors Inc. ADV owned approximately 0.06% of Amphenol as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in APH. Virtu Financial LLC bought a new stake in shares of Amphenol in the 3rd quarter valued at about $582,000. Wilmington Savings Fund Society FSB bought a new stake in Amphenol during the third quarter worth $2,277,000. Tidal Investments LLC increased its position in Amphenol by 464.6% during the third quarter. Tidal Investments LLC now owns 396,066 shares of the electronics maker's stock worth $25,808,000 after buying an additional 325,912 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in Amphenol in the 3rd quarter valued at $9,614,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Amphenol by 73.9% during the third quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker's stock worth $168,851,000 after acquiring an additional 1,101,368 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Luc Walter sold 390,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the sale, the insider now 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. Over the last 90 days, insiders sold 2,965,000 shares of company stock worth $224,785,900. Insiders own 1.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. TD Securities raised their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday. UBS Group reaffirmed a "buy" rating and set a $85.00 price objective (up previously from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Truist Financial increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, US Capital Advisors set a $85.00 price target on Amphenol in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.62.

Amphenol Stock Down 0.6 %

APH stock traded down $0.47 during trading on Monday, reaching $80.19. 6,762,443 shares of the stock were exchanged, compared to its average volume of 7,468,676. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $81.00. The firm's 50 day moving average is $66.53 and its 200 day moving average is $69.40. 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 firm has a market cap of $97.00 billion, a P/E ratio of 41.87, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company's quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 earnings per share. As a group, research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders 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 dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio 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.