Resources Management Corp CT ADV Boosts Position in Amphenol Co. (NYSE:APH)

Resources Management Corp CT ADV boosted its position in Amphenol Co. (NYSE:APH) by 97.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,388 shares of the electronics maker’s stock after acquiring an additional 181,784 shares during the period. Amphenol accounts for 3.6% of Resources Management Corp CT ADV’s portfolio, making the stock its 4th largest position. Resources Management Corp CT ADV’s holdings in Amphenol were worth $24,751,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its stake in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares during the period. New England Capital Financial Advisors LLC lifted its stake in Amphenol by 100.0% in the second 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 Amphenol in the second quarter valued at about $29,000. Sachetta LLC lifted its stake in Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after buying an additional 249 shares during the period. Finally, Brown Shipley& Co Ltd acquired a new position in Amphenol in the first quarter valued at about $52,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 0.4 %

NYSE:APH opened at $65.67 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The company has a market cap of $78.88 billion, a PE ratio of 40.29, 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. The stock has a 50-day simple moving average of $64.05 and a 200 day simple moving average of $63.15.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. On average, sell-side analysts expect that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.01%. Amphenol’s dividend payout ratio is 40.49%.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $3,373,382. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction that occurred 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 transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,323,010. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock worth $98,236,640 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on APH shares. Truist Financial increased their target price on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. UBS Group raised their price target on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Finally, Bank of America lowered Amphenol from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $80.00 to $71.00 in a research report on Wednesday, September 4th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $65.04.

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.