Quest Partners LLC Boosts Stock Position in Amphenol Co. (NYSE:APH)

Quest Partners LLC boosted its holdings in Amphenol Co. (NYSE:APH) by 5,535.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,311 shares of the electronics maker’s stock after buying an additional 40,578 shares during the quarter. Amphenol makes up about 0.4% of Quest Partners LLC’s holdings, making the stock its 21st largest position. Quest Partners LLC’s holdings in Amphenol were worth $2,783,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Amphenol by 0.4% in the first quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock valued at $8,473,608,000 after acquiring an additional 321,861 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Amphenol by 92.0% in the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after acquiring an additional 17,552,921 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Amphenol by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock valued at $3,601,694,000 after acquiring an additional 1,979,022 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Amphenol by 0.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,212,184 shares of the electronics maker’s stock valued at $1,309,724,000 after acquiring an additional 67,091 shares in the last quarter. Finally, Norges Bank acquired a new position in Amphenol in the fourth quarter valued at $1,078,167,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 0.1 %

Shares of Amphenol stock opened at $60.79 on Wednesday. Amphenol Co. has a 12-month low of $39.34 and a 12-month high of $70.84. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The stock has a market cap of $73.21 billion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 2.36 and a beta of 1.24. The company has a 50-day moving average of $64.90 and a two-hundred day moving average of $62.57.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. 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 company posted $0.72 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, research analysts anticipate that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be issued 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 1.09%. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 170,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.10, for a total value of $10,897,000.00. Following the completion of the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at $28,703,339. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Luc Walter sold 170,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the completion of the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $6,563,000.00. Following the transaction, the vice president now directly 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 sold 1,516,000 shares of company stock valued at $98,236,640. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APH. Bank of America downgraded shares of Amphenol from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $80.00 to $71.00 in a research note on Wednesday, September 4th. Truist Financial increased their target price 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. Robert W. Baird decreased their target price on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. UBS Group increased their target price 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, Seaport Res Ptn upgraded shares of Amphenol to a “strong-buy” rating in a research note on Monday, May 20th. Six investment 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.