DRW Securities LLC Purchases Shares of 11,284 Amphenol Co. (NYSE:APH)

DRW Securities LLC acquired a new position in Amphenol Co. (NYSE:APH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,284 shares of the electronics maker’s stock, valued at approximately $767,000.

Several other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in Amphenol by 107.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,041 shares of the electronics maker’s stock worth $195,000 after purchasing an additional 1,576 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Amphenol by 100.0% in the 2nd quarter. Gabelli Funds LLC now owns 83,000 shares of the electronics maker’s stock worth $5,592,000 after purchasing an additional 41,500 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in Amphenol by 69.8% during the 2nd quarter. Fidelis Capital Partners LLC now owns 7,321 shares of the electronics maker’s stock worth $493,000 after buying an additional 3,009 shares during the last quarter. Epoch Investment Partners Inc. increased its position in Amphenol by 100.3% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,875,309 shares of the electronics maker’s stock valued at $126,340,000 after buying an additional 939,261 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in Amphenol by 132.0% in the second quarter. 1832 Asset Management L.P. now owns 83,207 shares of the electronics maker’s stock valued at $5,606,000 after buying an additional 47,341 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the vice president now owns 51,400 shares in the company, valued at $3,323,010. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction dated 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 owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred 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. The disclosure for this sale can be found here. Over the last three months, 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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their price target on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research note on Thursday, June 6th. Evercore ISI reissued an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. UBS Group lifted their price objective on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Citigroup upped their target price on Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Six equities 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.04.

Amphenol Price Performance

Shares of APH opened at $65.91 on Monday. The company has a market capitalization of $79.17 billion, a P/E ratio of 40.44, a P/E/G ratio of 2.45 and a beta of 1.24. The business’s 50-day moving average is $64.13 and its two-hundred day moving average is $63.08. 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 Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share 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 during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the business earned $0.72 earnings per share. Amphenol’s quarterly revenue was up 18.2% on a year-over-year basis. Research analysts predict that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio is currently 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.