Amphenol Co. (NYSE:APH) Shares Sold by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE decreased its position in shares of Amphenol Co. (NYSE:APH) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 100,783 shares of the electronics maker’s stock after selling 1,235 shares during the quarter. Amphenol makes up approximately 3.6% of Regency Capital Management Inc. DE’s portfolio, making the stock its 11th largest holding. Regency Capital Management Inc. DE’s holdings in Amphenol were worth $6,567,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Beacon Capital Management LLC grew its holdings in shares of Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC lifted its position 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 purchasing an additional 188 shares during the period. Sachetta LLC lifted its position in shares of Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 249 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol during the 2nd quarter valued at approximately $29,000. Finally, New Millennium Group LLC acquired a new stake in shares of Amphenol during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity

In related news, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,323,010. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,323,010. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at $3,373,382. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock valued at $98,236,640 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Amphenol Trading Up 0.5 %

APH stock traded up $0.33 during midday trading on Friday, hitting $62.40. The stock had a trading volume of 5,287,817 shares, compared to its average volume of 6,541,861. The firm has a market cap of $74.96 billion, a PE ratio of 38.08, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. Amphenol Co. has a 12-month low of $39.34 and a 12-month high of $70.84. The company’s 50-day moving average price is $63.93 and its 200 day moving average price is $63.56.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the company earned $0.72 EPS. Amphenol’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities research analysts predict that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders 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 annualized dividend and a dividend yield of 1.06%. Amphenol’s dividend payout ratio is presently 40.49%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on APH. Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Bank of America downgraded shares of Amphenol from a “buy” rating to a “neutral” rating and reduced their price target for the company from $80.00 to $71.00 in a research report on Wednesday, September 4th. Robert W. Baird reduced their price target on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. UBS Group lifted their price target on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Truist Financial raised their price objective on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Six research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.04.

About Amphenol

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.