Amphenol Co. (NYSE:APH) Shares Bought by GM Advisory Group LLC

GM Advisory Group LLC grew its position in Amphenol Co. (NYSE:APH) by 99.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,314 shares of the electronics maker’s stock after purchasing an additional 6,639 shares during the period. GM Advisory Group LLC’s holdings in Amphenol were worth $897,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Frazier Financial Advisors LLC purchased a new position in Amphenol during the 4th quarter worth approximately $29,000. Beacon Capital Management LLC raised its holdings in shares of Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC lifted its position in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the period. Opal Wealth Advisors LLC acquired a new stake in Amphenol during the 2nd quarter worth about $29,000. Finally, Sachetta LLC raised its stake in shares of Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after buying an additional 249 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Shares of NYSE:APH opened at $65.29 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. Amphenol Co. has a 1 year low of $39.34 and a 1 year high of $70.84. The firm has a market capitalization of $78.43 billion, a PE ratio of 40.06, a P/E/G ratio of 2.45 and a beta of 1.24. The business’s 50 day moving average price is $64.21 and its 200-day moving average price is $62.90.

Amphenol (NYSE:APH) last announced its 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 company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations 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 previous year, the company posted $0.72 EPS. As a group, equities research analysts expect that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is 40.49%.

Analyst Ratings Changes

APH has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Citigroup raised their price objective on shares of Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Bank of America cut shares of Amphenol from a “buy” rating to a “neutral” rating and decreased their target price for the company from $80.00 to $71.00 in a research note on Wednesday, September 4th. Truist Financial raised their price target on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Six 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.04.

Insider Activity

In related news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Amphenol news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock worth $98,236,640 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Amphenol Company 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.