Amphenol Co. (NYSE:APH) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Amphenol Co. (NYSE:APH) by 100.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,431,824 shares of the electronics maker’s stock after buying an additional 1,720,856 shares during the period. Dimensional Fund Advisors LP owned about 0.29% of Amphenol worth $231,214,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Texas Permanent School Fund Corp raised its position in shares of Amphenol by 61.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock worth $13,458,000 after purchasing an additional 75,753 shares during the period. United Services Automobile Association increased its position in Amphenol by 102.0% in the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after buying an additional 16,149 shares during the period. Choreo LLC lifted its stake in 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 last quarter. Angeles Wealth Management LLC grew its position in shares of 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 acquiring an additional 1,936 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Amphenol by 4,215.3% in 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.

Amphenol Stock Performance

NYSE:APH opened at $63.30 on Thursday. The company has a 50-day moving average of $64.29 and a 200-day moving average of $62.88. The firm has a market cap of $76.04 billion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 2.45 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 twelve month low of $39.34 and a twelve month high of $70.84.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (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 for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the business posted $0.72 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. Analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The business also recently announced 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. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Tuesday, September 17th. Amphenol’s dividend payout ratio is 40.49%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Bank of America lowered shares of Amphenol from a “buy” rating to a “neutral” rating and reduced their target price for the company from $80.00 to $71.00 in a research note on Wednesday, September 4th. Evercore ISI restated an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Robert W. Baird cut their target price on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Citigroup increased their price target on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, Truist Financial upped their price objective on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Six 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 company. Based on data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $65.04.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 transaction of $48,405,000.00. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock worth $98,236,640 in the last quarter. 1.80% of the stock is owned by company 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.