Amphenol Co. (NYSE:APH) Shares Bought by Thames Capital Management LLC

Thames Capital Management LLC lifted its holdings in Amphenol Co. (NYSE:APH) by 100.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 140,206 shares of the electronics maker’s stock after acquiring an additional 70,103 shares during the quarter. Amphenol makes up about 3.7% of Thames Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Thames Capital Management LLC’s holdings in Amphenol were worth $9,446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Texas Permanent School Fund Corp boosted its position in shares of Amphenol by 61.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock valued at $13,458,000 after purchasing an additional 75,753 shares during the period. United Services Automobile Association boosted its holdings in shares of Amphenol by 102.0% in the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after buying an additional 16,149 shares during the period. Choreo LLC increased its position in shares of Amphenol by 556.7% in the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after acquiring an additional 34,309 shares in the last quarter. Angeles Wealth Management LLC raised its holdings in shares of Amphenol by 102.4% during the second quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock valued at $258,000 after acquiring an additional 1,936 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of Amphenol by 4,215.3% in the 2nd quarter. Federated Hermes Inc. now owns 117,678 shares of the electronics maker’s stock valued at $7,928,000 after acquiring an additional 114,951 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

NYSE APH opened at $65.91 on Friday. The company has a 50 day moving average price of $64.13 and a two-hundred day moving average price of $62.97. Amphenol Co. has a 12-month low of $39.34 and a 12-month high of $70.84. The stock has a market capitalization 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. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $3.61 billion during 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%. Amphenol’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. As a group, equities analysts predict that Amphenol Co. will post 1.76 earnings per share for the current fiscal 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 issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Tuesday, September 17th. Amphenol’s dividend payout ratio is 40.49%.

Insider Activity at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. 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. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the topic of several research analyst reports. Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Citigroup raised their price objective on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Robert W. Baird lowered their target price on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, UBS Group increased their price target on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.04.

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.