Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in Amphenol Co. (NYSE:APH) by 21.9% during the third quarter, HoldingsChannel reports. The firm owned 24,647 shares of the electronics maker’s stock after selling 6,908 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Amphenol were worth $2,317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Piedmont Investment Advisors Inc. increased its holdings in Amphenol by 743.2% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 28,804 shares of the electronics maker’s stock valued at $2,708,000 after purchasing an additional 25,388 shares during the last quarter. Chartwell Investment Partners LLC increased its holdings in Amphenol by 7.1% in the 3rd quarter. Chartwell Investment Partners LLC now owns 29,749 shares of the electronics maker’s stock valued at $2,797,000 after purchasing an additional 1,975 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Amphenol by 217.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,319 shares of the electronics maker’s stock valued at $500,000 after purchasing an additional 3,645 shares during the last quarter. Twin Capital Management Inc. acquired a new stake in Amphenol in the 3rd quarter valued at approximately $1,113,000. Finally, MML Investors Services LLC increased its holdings in Amphenol by 22.0% in the 3rd quarter. MML Investors Services LLC now owns 7,899 shares of the electronics maker’s stock valued at $743,000 after purchasing an additional 1,426 shares during the last quarter. 94.27% of the stock is currently owned by institutional investors and hedge funds.

APH has been the subject of several research reports. Goldman Sachs Group upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 target price for the company in a report on Tuesday, October 9th. Morgan Stanley upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $95.00 to $102.00 in a research note on Thursday, August 9th. Zacks Investment Research downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. ValuEngine downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Stifel Nicolaus boosted their price target on shares of Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $98.33.

In other news, VP David M. Silverman sold 7,500 shares of Amphenol stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $95.51, for a total transaction of $716,325.00. Following the completion of the sale, the vice president now directly owns 7,500 shares of the company’s stock, valued at approximately $716,325. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Richard Gu sold 2,000 shares of Amphenol stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $87.00, for a total transaction of $174,000.00. Following the sale, the vice president now directly owns 3,000 shares of the company’s stock, valued at $261,000. The disclosure for this sale can be found here. Insiders own 2.51% of the company’s stock.

NYSE:APH opened at $84.87 on Thursday. The firm has a market capitalization of $25.36 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 1.92 and a beta of 0.88. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.19. Amphenol Co. has a 52 week low of $80.42 and a 52 week high of $97.56.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 24th. The electronics maker reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.02 billion. Amphenol had a net margin of 9.64% and a return on equity of 28.57%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 earnings per share. On average, sell-side analysts anticipate that Amphenol Co. will post 3.7 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 8th. Shareholders of record on Monday, December 17th will be paid a $0.23 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.08%. Amphenol’s dividend payout ratio (DPR) is 29.49%.

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Amphenol Profile

Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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