Amphenol Co. (NYSE:APH) Shares Purchased by Rathbones Group PLC

Rathbones Group PLC raised its stake in Amphenol Co. (NYSE:APH) by 95.3% during the second quarter, Holdings Channel reports. The firm owned 3,327,789 shares of the electronics maker’s stock after purchasing an additional 1,624,099 shares during the period. Amphenol makes up about 1.2% of Rathbones Group PLC’s holdings, making the stock its 19th biggest holding. Rathbones Group PLC’s holdings in Amphenol were worth $224,193,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. CBIZ Investment Advisory Services LLC boosted its holdings in Amphenol by 100.0% in the second quarter. CBIZ Investment Advisory Services LLC now owns 1,062 shares of the electronics maker’s stock valued at $72,000 after acquiring an additional 531 shares during the last quarter. Plato Investment Management Ltd lifted its stake in shares of Amphenol by 5,731.5% in the 2nd quarter. Plato Investment Management Ltd now owns 4,257 shares of the electronics maker’s stock valued at $287,000 after purchasing an additional 4,184 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Amphenol during the 2nd quarter worth about $18,237,000. Taurus Asset Management LLC increased its position in Amphenol by 97.7% during the 2nd quarter. Taurus Asset Management LLC now owns 330,406 shares of the electronics maker’s stock worth $22,259,000 after purchasing an additional 163,248 shares in the last quarter. Finally, Oak Associates Ltd. OH raised its holdings in Amphenol by 100.0% in the second quarter. Oak Associates Ltd. OH now owns 186,224 shares of the electronics maker’s stock valued at $12,546,000 after buying an additional 93,112 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Vertical Research started coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective for the company. UBS Group increased their price target on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Robert W. Baird reduced their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Seaport Res Ptn upgraded Amphenol to a “strong-buy” rating in a report on Monday, May 20th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $65.04.

Amphenol Stock Up 0.2 %

Shares of Amphenol stock opened at $63.58 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $64.61 and a 200 day moving average price of $62.70. Amphenol Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. The firm has a market cap of $76.57 billion, a P/E ratio of 38.89, a P/E/G ratio of 2.45 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. On average, sell-side analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio is presently 26.91%.

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total value of $48,405,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $124,875,089.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.54, for a total value of $48,405,000.00. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $124,875,089.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Luc Walter sold 170,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock worth $98,236,640 over the last quarter. 1.80% of the stock is owned by company insiders.

Amphenol 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.