Amphenol Co. (NYSE:APH) Stock Position Lifted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Amphenol Co. (NYSE:APH) by 135.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 144,648 shares of the electronics maker’s stock after purchasing an additional 83,192 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Amphenol were worth $9,612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC purchased a new position in Amphenol during the fourth quarter valued at approximately $29,000. Beacon Capital Management LLC lifted its stake in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC lifted its stake in Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 188 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Amphenol in the second quarter valued at approximately $29,000. Finally, Sachetta LLC lifted its stake in Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 249 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Luc Walter sold 106,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.19, for a total value of $6,804,140.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,743,640.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the insider now directly owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,323,010. 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 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Amphenol Stock Up 1.4 %

APH opened at $63.99 on Wednesday. The firm’s 50-day simple moving average is $64.43 and its 200-day simple moving average is $62.88. The firm has a market cap of $76.87 billion, a price-to-earnings ratio of 39.26, a PEG ratio of 2.45 and a beta of 1.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. Amphenol Co. has a twelve month low of $39.34 and a twelve month 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 (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. Equities research analysts anticipate that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.03%. Amphenol’s dividend payout ratio (DPR) is 40.49%.

Analyst Ratings Changes

A number of research firms have issued reports on APH. Bank of America cut shares of Amphenol from a “buy” rating to a “neutral” rating and reduced their target price for the company from $80.00 to $71.00 in a research note on Wednesday, September 4th. TD Cowen boosted their price objective on shares of Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research note on Thursday, June 6th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Vertical Research initiated coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price on the stock. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a research 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 given a strong buy rating to the company. Based on data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $65.04.

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.