Element Capital Management LLC Sells 5,198 Shares of Amphenol Co. (NYSE:APH)

Element Capital Management LLC cut its position in shares of Amphenol Co. (NYSE:APH) by 25.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 15,148 shares of the electronics maker’s stock after selling 5,198 shares during the period. Element Capital Management LLC’s holdings in Amphenol were worth $1,021,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. grew its stake in shares of Amphenol by 0.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after buying an additional 80 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Amphenol by 1.7% in the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock valued at $544,000 after acquiring an additional 81 shares during the last quarter. Lindbrook Capital LLC grew its position 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 acquiring an additional 85 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in Amphenol by 1.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after acquiring an additional 88 shares during the last quarter. Finally, Nicolet Advisory Services LLC raised its position in Amphenol by 3.4% during the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock valued at $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 Trading Up 0.2 %

APH 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 stock’s fifty day moving average is $64.61 and its two-hundred day moving average is $62.70. The company has a market capitalization of $76.57 billion, a P/E ratio of 38.89, a PEG ratio of 2.45 and a beta of 1.24. Amphenol Co. has a 52 week low of $39.34 and a 52 week high of $70.84.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating 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 firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on APH shares. Evercore ISI reissued an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Truist Financial increased their target price on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Citigroup increased their price objective on shares of Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, UBS Group boosted their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $65.04.

Insider Activity at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Luc Walter sold 106,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the completion of the transaction, the insider now owns 447,790 shares in the company, valued at approximately $28,743,640.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last ninety days. 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.