Amphenol Co. (NYSE:APH) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its holdings in Amphenol Co. (NYSE:APH) by 80.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,192,948 shares of the electronics maker’s stock after acquiring an additional 1,423,210 shares during the quarter. Mackenzie Financial Corp’s holdings in Amphenol were worth $215,109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new position in Amphenol in the 4th quarter valued at $239,000. Cambridge Investment Research Advisors Inc. increased its stake in Amphenol by 25.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,330 shares of the electronics maker’s stock valued at $1,321,000 after purchasing an additional 2,729 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Amphenol by 2.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 52,254 shares of the electronics maker’s stock worth $5,180,000 after buying an additional 1,133 shares during the period. Focus Financial Network Inc. ADV acquired a new stake in Amphenol in the 4th quarter worth about $288,000. Finally, J. W. Coons Advisors LLC increased its stake in shares of Amphenol by 0.6% during the 4th quarter. J. W. Coons Advisors LLC now owns 16,925 shares of the electronics maker’s stock valued at $1,678,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In other news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Amphenol news, insider Luc Walter sold 170,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $64.10, for a total value of $10,897,000.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at $28,703,339. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Adam Norwitt sold 750,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Amphenol Price Performance

Shares of NYSE:APH opened at $65.72 on Friday. The firm’s 50 day moving average is $63.99 and its two-hundred day moving average is $63.24. The firm has a market capitalization of $78.94 billion, a P/E ratio of 40.32, a PEG ratio of 2.59 and a beta of 1.24. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. 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 results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company’s quarterly 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. Analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.00%. Amphenol’s dividend payout ratio is presently 40.49%.

Analyst Ratings Changes

A number of brokerages have weighed in on APH. Bank of America lowered shares of Amphenol from a “buy” rating to a “neutral” rating and decreased their price target for the company from $80.00 to $71.00 in a report on Wednesday, September 4th. UBS Group lifted their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. TD Cowen raised 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. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Finally, Truist Financial lifted their price target on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. 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 company’s stock. According to MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average price target 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.