Bell Investment Advisors Inc Boosts Holdings in Amphenol Co. (NYSE:APH)

Bell Investment Advisors Inc increased its holdings in Amphenol Co. (NYSE:APH) by 83.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 462 shares of the electronics maker’s stock after purchasing an additional 210 shares during the period. Bell Investment Advisors Inc’s holdings in Amphenol were worth $31,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. increased its stake in Amphenol by 0.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after purchasing an additional 80 shares during the period. Atomi Financial Group Inc. increased its stake in Amphenol by 1.7% in the first quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock worth $544,000 after purchasing an additional 81 shares during the period. Lindbrook Capital LLC increased its stake in Amphenol by 2.0% in the first quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock worth $490,000 after purchasing an additional 85 shares during the period. Pinnacle Wealth Planning Services Inc. increased its stake in Amphenol by 1.5% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after purchasing an additional 88 shares during the period. Finally, Nicolet Advisory Services LLC increased its stake in Amphenol by 3.4% in the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock worth $313,000 after purchasing an additional 89 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

Shares of NYSE APH opened at $62.04 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The company has a market cap of $74.71 billion, a PE ratio of 37.95, a P/E/G ratio of 2.36 and a beta of 1.24. The business has a 50-day simple moving average of $64.79 and a two-hundred day simple moving average of $62.57. Amphenol Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the company earned $0.72 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities analysts expect that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is 26.91%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stifel Nicolaus restated a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Evercore ISI restated an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Vertical Research assumed coverage on Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price target on the stock. Robert W. Baird cut their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, TD Cowen raised their price target on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $65.04.

Insider Buying and Selling

In related news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock valued at $98,236,640 over the last quarter. 1.80% of the stock is currently owned by company insiders.

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.