Sumitomo Life Insurance Co. Has $3.25 Million Position in Amphenol Co. (NYSE:APH)

Sumitomo Life Insurance Co. boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 50.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,847 shares of the electronics maker’s stock after purchasing an additional 15,642 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Amphenol were worth $3,254,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APH. State Street Corp grew its stake in shares of Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after acquiring an additional 1,537,880 shares during the last quarter. Geode Capital Management LLC grew its position in Amphenol by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after purchasing an additional 564,991 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Amphenol by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock worth $427,363,000 after purchasing an additional 63,180 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Amphenol by 25.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock worth $347,297,000 after purchasing an additional 1,073,480 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Amphenol by 89.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after buying an additional 2,032,402 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

NYSE:APH opened at $68.63 on Wednesday. The stock has a market capitalization of $82.74 billion, a P/E ratio of 35.84, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. Amphenol Co. has a 1 year low of $49.97 and a 1 year high of $79.39. The firm has a 50 day moving average of $72.07 and a 200-day moving average of $67.97. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. During the same quarter in the previous year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 29.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amphenol Co. will post 2.17 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s payout ratio is presently 34.46%.

Insiders Place Their Bets

In other news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the completion of the sale, the vice president now owns 14,000 shares in the company, valued at $1,005,340. The trade was a 92.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 300,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the transaction, the chief financial officer now directly owns 318,116 shares in the company, valued at $22,764,380.96. This trade represents a 48.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 612,000 shares of company stock valued at $44,177,640. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the topic of several research reports. Bank of America boosted their price target on 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 price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Citigroup raised their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. TD Cowen boosted their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group raised their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.

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.