Thrivent Financial for Lutherans Raises Holdings in Amphenol Co. (NYSE:APH)

Thrivent Financial for Lutherans raised its holdings in shares of Amphenol Co. (NYSE:APH) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 787,818 shares of the electronics maker’s stock after purchasing an additional 27,942 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Amphenol worth $51,334,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC boosted its stake in Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC boosted its stake in shares of Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 188 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Amphenol in the 2nd quarter worth $29,000. Trifecta Capital Advisors LLC boosted its stake in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the last quarter. Finally, Sachetta LLC boosted its stake in shares of Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after buying an additional 249 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

NYSE:APH opened at $69.90 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The business’s 50-day simple moving average is $66.86 and its two-hundred day simple moving average is $66.12. The stock has a market cap of $84.27 billion, a PE ratio of 40.17, a P/E/G ratio of 2.34 and a beta of 1.23. Amphenol Co. has a 52 week low of $44.51 and a 52 week high of $74.70.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The business’s revenue was up 26.3% compared to the same quarter last year. As a group, analysts forecast that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. Amphenol’s dividend payout ratio (DPR) is 37.93%.

Insider Transactions at Amphenol

In other Amphenol news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at $963,760. The trade was a 92.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares in the company, valued at $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on APH. TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Evercore ISI raised their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Bank of America raised their price target on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Vertical Research initiated coverage on Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price on the stock. Finally, Truist Financial lifted their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.63.

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.