Tokio Marine Asset Management Co. Ltd. Acquires 2,249 Shares of Amphenol Corporation (NYSE:APH)

Tokio Marine Asset Management Co. Ltd. grew its holdings in Amphenol Corporation (NYSE:APH) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,485 shares of the electronics maker’s stock after purchasing an additional 2,249 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Amphenol were worth $2,590,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Independent Advisor Alliance raised its position in shares of Amphenol by 1.7% in the first quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker’s stock valued at $471,000 after purchasing an additional 122 shares during the period. Forum Financial Management LP raised its position in shares of Amphenol by 1.9% in the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker’s stock valued at $438,000 after purchasing an additional 126 shares during the period. Ironwood Investment Counsel LLC raised its position in shares of Amphenol by 2.9% in the first quarter. Ironwood Investment Counsel LLC now owns 4,676 shares of the electronics maker’s stock valued at $307,000 after purchasing an additional 132 shares during the period. FourThought Financial Partners LLC raised its position in shares of Amphenol by 4.1% in the first quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker’s stock valued at $231,000 after purchasing an additional 139 shares during the period. Finally, Gallacher Capital Management LLC raised its position in shares of Amphenol by 4.6% in the first quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker’s stock valued at $210,000 after purchasing an additional 142 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 113,000 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $110.29, for a total value of $12,462,770.00. 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 100,000 shares of the company’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the completion of the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,113,625. This trade represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 812,000 shares of company stock worth $77,703,320 over the last 90 days. Company insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on APH shares. Citigroup upped their target price on shares of Amphenol from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Bank of America upped their target price on shares of Amphenol from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Truist Financial upped their target price on shares of Amphenol from $102.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Fox Advisors raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. Finally, Evercore ISI upped their target price on shares of Amphenol from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $104.92.

Amphenol Price Performance

APH stock opened at $109.75 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. Amphenol Corporation has a one year low of $56.45 and a one year high of $112.35. The stock has a market cap of $134.00 billion, a PE ratio of 43.73, a P/E/G ratio of 1.82 and a beta of 1.13. The firm has a 50 day simple moving average of $100.21 and a two-hundred day simple moving average of $81.62.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The business had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter in the previous year, the company earned $0.44 EPS. The business’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol’s dividend payout ratio is 26.29%.

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.