Beaton Management Co. Inc. Raises Stake in Amphenol Co. (NYSE:APH)

Beaton Management Co. Inc. grew its holdings in Amphenol Co. (NYSE:APH) by 100.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,600 shares of the electronics maker’s stock after acquiring an additional 11,800 shares during the period. Beaton Management Co. Inc.’s holdings in Amphenol were worth $1,590,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Great Lakes Advisors LLC acquired a new stake in Amphenol in the 4th quarter valued at approximately $214,000. D.A. Davidson & CO. acquired a new stake in shares of Amphenol during the fourth quarter worth approximately $239,000. Corient Private Wealth LLC raised its holdings in shares of Amphenol by 228.5% during the fourth quarter. Corient Private Wealth LLC now owns 169,028 shares of the electronics maker’s stock worth $16,756,000 after acquiring an additional 117,579 shares in the last quarter. Assetmark Inc. grew its stake in shares of Amphenol by 13.6% in the 4th quarter. Assetmark Inc. now owns 15,464 shares of the electronics maker’s stock valued at $1,533,000 after buying an additional 1,855 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Amphenol during the 4th quarter worth $29,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APH. Robert W. Baird decreased their price target on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. TD Cowen upped their price target on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. Citigroup lifted their target price on shares of Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. UBS Group increased 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, Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $65.04.

Insider Buying and Selling

In related news, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Luc Walter sold 106,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the transaction, the insider now owns 447,790 shares in the company, valued at approximately $28,743,640.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is owned by corporate insiders.

Amphenol Price Performance

APH stock opened at $65.29 on Friday. The stock has a market cap of $78.43 billion, a PE ratio of 40.06, a P/E/G ratio of 2.45 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 one year low of $39.34 and a one year high of $70.84. The firm has a 50 day simple moving average of $64.21 and a two-hundred day simple moving average of $62.90.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $3.61 billion during 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 firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. On average, analysts predict that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders 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 yield of 1.01%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio is presently 40.49%.

Amphenol 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.