Sei Investments Co. Raises Stock Position in Amphenol Co. (NYSE:APH)

Sei Investments Co. grew its holdings in Amphenol Co. (NYSE:APH) by 168.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 808,008 shares of the electronics maker’s stock after acquiring an additional 506,941 shares during the period. Sei Investments Co. owned about 0.07% of Amphenol worth $54,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in APH. Beacon Capital Management LLC lifted its stake in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC boosted its stake in shares of Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the period. Opal Wealth Advisors LLC bought a new position in Amphenol in the 2nd quarter worth about $29,000. Sachetta LLC increased its holdings in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 249 shares during the period. Finally, Brown Shipley& Co Ltd purchased a new position in shares of Amphenol during the first quarter valued at $52,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Up 0.9 %

Shares of APH opened at $65.91 on Monday. The stock’s 50-day moving average price is $64.13 and its 200-day moving average price is $63.08. 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 company has a market capitalization of $79.17 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 2.45 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 issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS 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 analysts’ expectations 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 quarter last year, the company earned $0.72 EPS. On average, sell-side 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 issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.00%. Amphenol’s payout ratio is 40.49%.

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.54, for a total value of $48,405,000.00. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 750,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,516,000 shares of company stock worth $98,236,640. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

APH has been the subject of a number of analyst reports. UBS Group upped their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Bank of America downgraded shares of Amphenol from a “buy” rating to a “neutral” rating and cut their price objective for the company from $80.00 to $71.00 in a report on Wednesday, September 4th. Robert W. Baird dropped their target price on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Citigroup upped their price target on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.04.

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.