MBB Public Markets I LLC Invests $5.85 Million in Amphenol Co. (NYSE:APH)

MBB Public Markets I LLC bought a new stake in Amphenol Co. (NYSE:APH) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 86,840 shares of the electronics maker’s stock, valued at approximately $5,850,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. D.A. Davidson & CO. acquired a new position in Amphenol during the fourth quarter valued at $239,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Amphenol by 25.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,330 shares of the electronics maker’s stock valued at $1,321,000 after buying an additional 2,729 shares during the period. Focus Financial Network Inc. ADV purchased a new stake in shares of Amphenol in the fourth quarter worth about $288,000. J. W. Coons Advisors LLC raised its position in Amphenol by 0.6% during the fourth quarter. J. W. Coons Advisors LLC now owns 16,925 shares of the electronics maker’s stock valued at $1,678,000 after acquiring an additional 100 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in Amphenol by 1,057.6% in the fourth quarter. TFO Wealth Partners LLC now owns 5,510 shares of the electronics maker’s stock valued at $546,000 after acquiring an additional 5,034 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on APH shares. Robert W. Baird cut their target price on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Vertical Research started coverage on Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price on the stock. 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. Finally, UBS Group boosted their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $65.04.

Insider Transactions at Amphenol

In related news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,373,382. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at $3,373,382. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol 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 completion of the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. 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 quarter. Company insiders own 1.80% of the company’s stock.

Amphenol Price Performance

Amphenol stock opened at $65.00 on Friday. The company has a fifty day simple moving average of $63.98 and a 200-day simple moving average of $63.26. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $78.08 billion, a price-to-earnings ratio of 39.88, a PEG ratio of 2.59 and a beta of 1.24. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. On average, equities analysts anticipate that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business 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 dividend yield of 1.02%. 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.