Bridges Investment Management Inc. Has $10.08 Million Position in Amphenol Co. (NYSE:APH)

Bridges Investment Management Inc. raised its holdings in Amphenol Co. (NYSE:APH) by 1,151.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 149,674 shares of the electronics maker’s stock after purchasing an additional 137,714 shares during the quarter. Bridges Investment Management Inc.’s holdings in Amphenol were worth $10,084,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Amphenol by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock valued at $8,473,608,000 after purchasing an additional 321,861 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Amphenol by 92.0% in the 2nd 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 purchasing an additional 17,552,921 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amphenol by 6.8% in the 1st 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 purchasing an additional 1,979,022 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Amphenol by 69.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock valued at $1,564,711,000 after purchasing an additional 9,487,387 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its holdings in shares of Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock valued at $1,041,204,000 after purchasing an additional 7,275,279 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Up 3.1 %

Shares of NYSE:APH opened at $65.29 on Friday. The firm has a market cap of $78.43 billion, a P/E ratio of 40.06, a P/E/G ratio of 2.45 and a beta of 1.24. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. Amphenol Co. has a 12-month low of $39.34 and a 12-month high of $70.84. The business has a fifty day simple moving average of $64.21 and a 200 day simple moving average of $62.90.

Amphenol (NYSE:APH) last posted its quarterly earnings data 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 firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the company posted $0.72 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. Analysts predict that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on APH. Vertical Research began coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. Citigroup raised their price objective on Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. TD Cowen raised their price objective on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a report on Thursday, June 6th. Evercore ISI reissued an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.04.

Insider Transactions at Amphenol

In other 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 value of $5,818,500.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was 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 directly owns 51,400 shares in the company, valued at approximately $3,373,382. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Lance E. D’amico sold 90,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total value of $5,818,500.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at $3,323,010. 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. Corporate insiders own 1.80% of the company’s stock.

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.