Amphenol Co. (NYSE:APH) Shares Acquired by Inspire Investing LLC

Inspire Investing LLC boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 69.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,236 shares of the electronics maker’s stock after buying an additional 58,284 shares during the period. Amphenol makes up about 1.1% of Inspire Investing LLC’s holdings, making the stock its 9th biggest position. Inspire Investing LLC’s holdings in Amphenol were worth $9,582,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MQS Management LLC acquired a new stake in shares of Amphenol during the 2nd quarter valued at $1,653,000. XTX Topco Ltd acquired a new stake in Amphenol during the second quarter valued at $242,000. Mittelman Wealth Management raised its stake in shares of Amphenol by 100.0% during the 2nd quarter. Mittelman Wealth Management now owns 24,950 shares of the electronics maker’s stock worth $1,681,000 after purchasing an additional 12,475 shares in the last quarter. Kentucky Retirement Systems lifted its holdings in shares of Amphenol by 98.7% during the 2nd quarter. Kentucky Retirement Systems now owns 90,519 shares of the electronics maker’s stock valued at $6,098,000 after buying an additional 44,964 shares during the last quarter. Finally, Sienna Gestion bought a new stake in shares of Amphenol in the 2nd quarter valued at approximately $7,183,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup raised their price objective on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. TD Cowen lifted their price objective on shares of Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. Truist Financial upped their price objective on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. UBS Group boosted their price target on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Robert W. Baird lowered their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Six investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.04.

Insider Activity

In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were 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 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 is available at this link. In other news, insider William J. Doherty sold 300,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $48,405,000.00. Following the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Down 1.1 %

APH opened at $63.30 on Thursday. The stock has a market capitalization of $76.04 billion, a price-to-earnings ratio of 38.83, a P/E/G ratio of 2.45 and a beta of 1.24. Amphenol Co. has a 1-year low of $39.34 and a 1-year high of $70.84. The business has a 50 day moving average of $64.29 and a 200-day moving average of $62.88. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last posted its quarterly earnings data 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. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s payout ratio is presently 40.49%.

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.