Van ECK Associates Corp Has $14.97 Million Stock Position in Amphenol Co. (NYSE:APH)

Van ECK Associates Corp raised its holdings in Amphenol Co. (NYSE:APH) by 11.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 218,657 shares of the electronics maker’s stock after buying an additional 21,681 shares during the quarter. Van ECK Associates Corp’s holdings in Amphenol were worth $14,971,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Texas Permanent School Fund Corp increased its stake in shares of Amphenol by 61.1% in the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock valued at $13,458,000 after buying an additional 75,753 shares in the last quarter. United Services Automobile Association lifted its position in shares of Amphenol by 102.0% in the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after purchasing an additional 16,149 shares in the last quarter. Choreo LLC grew its holdings in shares of Amphenol by 556.7% in the 2nd quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock valued at $2,732,000 after acquiring an additional 34,309 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of Amphenol by 102.4% in the 2nd quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock valued at $258,000 after buying an additional 1,936 shares during the last quarter. Finally, Czech National Bank grew its position in shares of Amphenol by 7.2% in the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock valued at $15,985,000 after acquiring an additional 16,425 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Up 2.2 %

NYSE:APH opened at $69.71 on Wednesday. Amphenol Co. has a 1 year low of $41.96 and a 1 year high of $71.20. The stock’s fifty day moving average price is $65.32 and its two-hundred day moving average price is $65.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The company has a market cap of $84.04 billion, a P/E ratio of 40.06, a P/E/G ratio of 2.25 and a beta of 1.23.

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

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s payout ratio is 37.93%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APH. Robert W. Baird boosted their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. UBS Group lifted their price target on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Truist Financial increased their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Bank of America lifted their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, TD Cowen raised their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Insiders Place Their Bets

In other news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the sale, the vice president now owns 14,000 shares in the company, valued at $963,760. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,630,672 shares of company stock worth $110,992,440 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Amphenol 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.