Ascent Group LLC Has $3.94 Million Position in Amphenol Co. (NYSE:APH)

Ascent Group LLC raised its position in Amphenol Co. (NYSE:APH) by 97.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,488 shares of the electronics maker’s stock after buying an additional 28,840 shares during the quarter. Ascent Group LLC’s holdings in Amphenol were worth $3,940,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in APH. Texas Permanent School Fund Corp increased its position in Amphenol by 61.1% during the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock worth $13,458,000 after acquiring an additional 75,753 shares during the period. United Services Automobile Association raised its position 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 valued at $2,154,000 after buying an additional 16,149 shares in the last quarter. Choreo LLC boosted its stake in shares of Amphenol by 556.7% in the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock valued at $2,732,000 after buying an additional 34,309 shares during the period. Angeles Wealth Management LLC grew its position in Amphenol by 102.4% during the second quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock worth $258,000 after buying an additional 1,936 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in Amphenol by 4,215.3% during the 2nd quarter. Federated Hermes Inc. now owns 117,678 shares of the electronics maker’s stock worth $7,928,000 after acquiring an additional 114,951 shares during the period. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on APH. Robert W. Baird reduced their target price on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Bank of America lowered shares of Amphenol from a “buy” rating to a “neutral” rating and decreased their target price for the company from $80.00 to $71.00 in a report on Wednesday, September 4th. TD Cowen upped their price target on shares of Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a report on Thursday, June 6th. Evercore ISI reissued an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Finally, Truist Financial boosted their price objective 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.04.

Amphenol Trading Down 1.1 %

NYSE APH opened at $65.02 on Friday. Amphenol Co. has a twelve month low of $39.34 and a twelve month high of $70.84. The business’s fifty day moving average is $64.00 and its 200 day moving average is $63.39. 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 cap of $78.10 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the business posted $0.72 earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts expect that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.02%. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Lance E. D’amico sold 90,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at $3,323,010. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the company’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 in the company, valued at $3,373,382. 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 90 days. 1.80% of the stock is owned by insiders.

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.