Beaton Management Co. Inc. Increases Holdings in Amphenol Co. (NYSE:APH)

Beaton Management Co. Inc. lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 100.0% during the second quarter, HoldingsChannel.com reports. The fund owned 23,600 shares of the electronics maker’s stock after purchasing an additional 11,800 shares during the quarter. Beaton Management Co. Inc.’s holdings in Amphenol were worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Truist Financial increased their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. UBS Group boosted their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Finally, TD Cowen raised their price target on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a report on Thursday, June 6th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.04.

Insider Activity at Amphenol

In related news, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.65, for a total value of $5,818,500.00. Following the sale, the vice president now owns 51,400 shares in the company, valued at $3,323,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Luc Walter sold 170,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at $28,703,339. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total value of $5,818,500.00. Following the completion of the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is owned by insiders.

Amphenol Trading Up 3.1 %

NYSE APH opened at $65.29 on Friday. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The business’s fifty day moving average is $64.21 and its 200-day moving average is $62.90. The stock has a market capitalization of $78.43 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 2.45 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings data 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 period in the prior year, the company earned $0.72 EPS. The company’s revenue was up 18.2% on a year-over-year basis. Equities research analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be issued 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 presently 40.49%.

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.