California State Teachers Retirement System Decreases Stake in Amphenol Corporation $APH

California State Teachers Retirement System decreased its holdings in Amphenol Corporation (NYSE:APH) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,875,034 shares of the electronics maker’s stock after selling 42,331 shares during the quarter. California State Teachers Retirement System’s holdings in Amphenol were worth $236,911,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Generali Asset Management SPA SGR raised its holdings in Amphenol by 20.2% in the fourth quarter. Generali Asset Management SPA SGR now owns 87,072 shares of the electronics maker’s stock valued at $11,767,000 after acquiring an additional 14,612 shares in the last quarter. Praxis Investment Management Inc. raised its stake in shares of Amphenol by 86.3% in the 4th quarter. Praxis Investment Management Inc. now owns 26,986 shares of the electronics maker’s stock valued at $3,647,000 after purchasing an additional 12,502 shares in the last quarter. Principal Financial Group Inc. grew its stake in Amphenol by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,750,490 shares of the electronics maker’s stock worth $371,704,000 after purchasing an additional 70,938 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Amphenol by 110.5% in the fourth quarter. Global Retirement Partners LLC now owns 18,689 shares of the electronics maker’s stock valued at $2,526,000 after buying an additional 9,812 shares during the last quarter. Finally, Tema Etfs LLC raised its stake in Amphenol by 65.8% during the fourth quarter. Tema Etfs LLC now owns 110,655 shares of the electronics maker’s stock valued at $14,954,000 after buying an additional 43,931 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on APH shares. Robert W. Baird set a $177.00 target price on Amphenol in a research report on Thursday, April 30th. TD Cowen reiterated a “hold” rating and set a $175.00 target price (up from $135.00) on shares of Amphenol in a research note on Monday, July 13th. Bank of America raised their price target on shares of Amphenol from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. UBS Group reaffirmed a “buy” rating and set a $185.00 price objective (up from $178.00) on shares of Amphenol in a research report on Thursday, July 9th. Finally, Evercore reissued an “outperform” rating on shares of Amphenol in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Amphenol currently has a consensus rating of “Buy” and an average target price of $186.00.

Amphenol Stock Down 3.7%

Amphenol stock opened at $143.82 on Wednesday. The firm has a market capitalization of $176.93 billion, a P/E ratio of 41.33, a P/E/G ratio of 1.28 and a beta of 1.24. The company has a 50-day simple moving average of $153.78 and a 200-day simple moving average of $144.78. Amphenol Corporation has a one year low of $102.76 and a one year high of $178.52. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.11. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The firm had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.08 billion. During the same period in the previous year, the business posted $0.63 EPS. Amphenol’s revenue was up 58.4% on a year-over-year basis. As a group, equities analysts expect that Amphenol Corporation will post 4.87 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 23rd. Amphenol’s dividend payout ratio is 28.74%.

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of Amphenol stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the sale, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at $276,038,277.47. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 130,775 shares of company stock valued at $18,709,350. 1.42% of the stock is owned by company insiders.

About Amphenol

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.