Quantinno Capital Management LP Purchases 10,682 Shares of Amphenol Co. (NYSE:APH)

Quantinno Capital Management LP lifted its stake in Amphenol Co. (NYSE:APH - Free Report) by 6.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 169,741 shares of the electronics maker's stock after buying an additional 10,682 shares during the quarter. Quantinno Capital Management LP's holdings in Amphenol were worth $11,789,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Amphenol by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after buying an additional 2,108,578 shares in the last quarter. FMR LLC lifted its holdings in shares of Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after buying an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Amphenol by 36.8% in 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. Geode Capital Management LLC lifted its holdings in shares of Amphenol by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after buying an additional 659,560 shares in the last quarter. Finally, Bank of America Corp DE lifted 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 worth $1,733,027,000 after buying an additional 18,619,417 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Trading Up 1.1%

Shares of NYSE APH traded up $0.92 during mid-day trading on Friday, reaching $86.89. The company had a trading volume of 7,689,932 shares, compared to its average volume of 7,523,095. The stock has a market cap of $105.10 billion, a price-to-earnings ratio of 45.37, a price-to-earnings-growth 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 $86.96. The business's 50-day moving average is $70.41 and its 200-day moving average is $70.42. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

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

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APH. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. Truist Financial boosted 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. TD Securities boosted 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. UBS Group restated a "buy" rating and issued a $85.00 price target (up previously from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. Finally, Bank of America boosted their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Five equities 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 MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $81.62.

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's 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 transaction, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Insiders have sold 3,178,500 shares of company stock valued at $241,903,805 in the last 90 days. Company insiders own 1.67% of the company's stock.

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.