Amphenol Co. (NYSE:APH) Position Increased by Symmetry Investments LP

Symmetry Investments LP raised its position in shares of Amphenol Co. (NYSE:APH) by 141.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 14,500 shares of the electronics maker’s stock after buying an additional 8,500 shares during the period. Symmetry Investments LP’s holdings in Amphenol were worth $977,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of APH. Great Lakes Advisors LLC purchased a new stake in Amphenol during the fourth quarter valued at about $214,000. D.A. Davidson & CO. purchased a new stake in shares of Amphenol in the fourth quarter worth approximately $239,000. Corient Private Wealth LLC lifted its position in shares of Amphenol by 228.5% in the fourth quarter. Corient Private Wealth LLC now owns 169,028 shares of the electronics maker’s stock worth $16,756,000 after purchasing an additional 117,579 shares in the last quarter. Assetmark Inc. lifted its position in shares of Amphenol by 13.6% in the fourth quarter. Assetmark Inc. now owns 15,464 shares of the electronics maker’s stock worth $1,533,000 after purchasing an additional 1,855 shares in the last quarter. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Amphenol in the fourth quarter worth approximately $29,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on APH shares. Evercore ISI reissued an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Vertical Research started coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Robert W. Baird reduced their price target on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. UBS Group increased their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, TD Cowen increased their price objective on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a report on Thursday, June 6th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.04.

Insider Transactions at Amphenol

In other news, VP Lance E. D’amico sold 90,000 shares of the firm’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 filing with the SEC, which is available at this hyperlink. In related news, 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 directly owns 51,400 shares of the company’s stock, valued at $3,323,010. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $3,373,382. 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. Insiders own 1.80% of the company’s stock.

Amphenol Trading Up 0.9 %

Shares of APH stock opened at $65.91 on Friday. Amphenol Co. has a 12 month low of $39.34 and a 12 month high of $70.84. 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 business’s 50 day moving average is $64.13 and its two-hundred day moving average is $62.97. The company has a market cap of $79.17 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings results 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 company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders 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 dividend yield of 1.00%. Amphenol’s payout ratio is 40.49%.

About Amphenol

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.