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

Mather Group LLC. grew its position in Amphenol Co. (NYSE:APH) by 91.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 22,706 shares of the electronics maker’s stock after acquiring an additional 10,874 shares during the period. Mather Group LLC.’s holdings in Amphenol were worth $1,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of APH. Beacon Capital Management LLC increased its stake in 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 period. New England Capital Financial Advisors LLC boosted its position 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 valued at $25,000 after buying an additional 188 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol in the second quarter worth $29,000. Sachetta LLC increased its position in shares of Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the period. Finally, Brown Shipley& Co Ltd acquired a new stake in shares of Amphenol in the first quarter valued at $52,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE:APH opened at $64.32 on Wednesday. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. The stock has a market capitalization of $77.26 billion, a price-to-earnings ratio of 39.46, a PEG ratio of 2.59 and a beta of 1.24. The company has a 50-day simple moving average of $63.89 and a 200-day simple moving average of $63.76. 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 posted 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. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 EPS. On average, analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.03%. Amphenol’s dividend payout ratio is currently 40.49%.

Insider Activity at Amphenol

In other news, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $3,373,382. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Luc Walter sold 170,000 shares of the firm’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 completion of the transaction, the insider now directly owns 447,790 shares in the company, valued at $28,703,339. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Vertical Research began coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. Robert W. Baird lowered their price target 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. Truist Financial raised their price objective on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Bank of America lowered Amphenol from a “buy” rating to a “neutral” rating and dropped their target price for the company from $80.00 to $71.00 in a report on Wednesday, September 4th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $66.58.

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.