Fidelis Capital Partners LLC Grows Position in Amphenol Co. (NYSE:APH)

Fidelis Capital Partners LLC lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 69.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,321 shares of the electronics maker’s stock after purchasing an additional 3,009 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Amphenol were worth $493,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. bought a new position in shares of Amphenol in the 4th quarter worth $239,000. Assetmark Inc. raised its position in Amphenol by 13.6% during the fourth quarter. Assetmark Inc. now owns 15,464 shares of the electronics maker’s stock valued at $1,533,000 after purchasing an additional 1,855 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Amphenol by 25.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,330 shares of the electronics maker’s stock worth $1,321,000 after purchasing an additional 2,729 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Amphenol by 4.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 155,498 shares of the electronics maker’s stock worth $15,415,000 after purchasing an additional 6,580 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Amphenol by 22.4% during the 4th quarter. Hsbc Holdings PLC now owns 1,064,315 shares of the electronics maker’s stock valued at $105,506,000 after purchasing an additional 195,120 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Luc Walter sold 170,000 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.10, for a total value of $10,897,000.00. Following the sale, the insider now directly owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the transaction, 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 sold 1,516,000 shares of company stock worth $98,236,640 over the last three months. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. UBS Group increased their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Citigroup boosted their price target 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. Vertical Research initiated coverage on Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. Finally, Truist Financial boosted their target price on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Trading Up 0.9 %

NYSE APH opened at $65.91 on Monday. The stock has a market cap of $79.17 billion, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. Amphenol Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. The stock has a 50 day simple moving average of $64.13 and a two-hundred day simple moving average of $63.08. 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 (NYSE:APH) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating 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 business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the previous year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current 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 paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Tuesday, September 17th. Amphenol’s payout ratio is currently 40.49%.

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.