Tokio Marine Asset Management Co. Ltd. Has $1.28 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Amphenol Co. (NYSE:APH) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,909 shares of the electronics maker’s stock after acquiring an additional 918 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Amphenol were worth $1,280,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System bought a new stake in Amphenol during the 4th quarter worth about $3,589,000. West Coast Financial LLC raised its holdings in Amphenol by 65.0% during the 4th quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock worth $12,779,000 after purchasing an additional 50,778 shares during the last quarter. Cerity Partners LLC raised its holdings in Amphenol by 63.4% during the 4th quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock worth $3,793,000 after purchasing an additional 14,843 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in Amphenol during the 4th quarter worth about $2,875,000. Finally, Fortune Financial Advisors LLC bought a new stake in shares of Amphenol in the 4th quarter valued at about $1,071,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Robert W. Baird increased their target price on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday. Truist Financial upped their price target on Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America upped their price target on Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Evercore ISI lifted their price objective on shares of Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $118.83.

Insider Transactions at Amphenol

In related news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,000 shares of company stock worth $31,846,050. Insiders own 1.80% of the company’s stock.

Amphenol Price Performance

APH stock traded up $0.79 during midday trading on Friday, reaching $119.80. The company had a trading volume of 281,869 shares, compared to its average volume of 2,837,279. The company has a market capitalization of $72.07 billion, a price-to-earnings ratio of 36.39, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. The stock has a 50 day moving average price of $111.74 and a 200-day moving average price of $99.44. Amphenol Co. has a 1-year low of $72.77 and a 1-year high of $120.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.48.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts expect that Amphenol Co. will post 3.29 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 26.91%.

Amphenol announced that its board has approved a share repurchase plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.