80,900 Shares in Amphenol Co. (NYSE:APH) Acquired by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Amphenol Co. (NYSE:APH - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 80,900 shares of the electronics maker's stock, valued at approximately $5,619,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new stake in Amphenol in the 4th quarter valued at about $1,378,794,000. Bank of America Corp DE grew its holdings in shares of Amphenol by 294.0% during the 4th 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 during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Amphenol by 36.8% during the fourth 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 buying an additional 15,837,407 shares in the last quarter. Wellington Management Group LLP raised its position in Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after purchasing an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Amphenol by 118.4% in the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after buying an additional 3,933,269 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amphenol

In other news, VP David M. Silverman sold 87,500 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total value of $7,002,625.00. Following the sale, the vice president now directly owns 12,500 shares of the company's stock, valued at approximately $1,000,375. This represents a 87.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction dated Friday, April 25th. The stock was 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 approximately $151,649,855.11. The trade was a 49.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,178,500 shares of company stock worth $241,903,805. 1.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on APH. Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Truist Financial boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. Robert W. Baird lifted their price target on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, TD Securities boosted their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $81.62.

Amphenol Price Performance

NYSE APH traded up $0.92 during trading hours on Friday, hitting $86.89. The company had a trading volume of 7,689,932 shares, compared to its average volume of 7,529,052. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm has a market capitalization of $105.10 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $86.95. The firm has a 50 day simple moving average of $69.91 and a 200 day simple moving average of $70.28.

Amphenol (NYSE:APH - Get Free Report) last announced its 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. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the firm posted $0.40 earnings per share. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. Equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is 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.