King Luther Capital Management Corp Has $2.29 Million Holdings in Amphenol Co. (NYSE:APH)

King Luther Capital Management Corp raised its position in Amphenol Co. (NYSE:APH) by 100.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,032 shares of the electronics maker’s stock after purchasing an additional 17,029 shares during the quarter. King Luther Capital Management Corp’s holdings in Amphenol were worth $2,293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of APH. Beacon Capital Management LLC boosted its position in Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC raised its holdings in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares in the last quarter. Sachetta LLC boosted its position in Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Amphenol in the second quarter valued at approximately $29,000. Finally, New Millennium Group LLC bought a new position in Amphenol in the second quarter valued at approximately $31,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction 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 approximately $3,323,010. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction on 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 transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction on 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 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. Insiders have sold 1,516,000 shares of company stock worth $98,236,640 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Amphenol Trading Up 0.9 %

APH stock opened at $65.91 on Friday. Amphenol Co. has a 52 week low of $39.34 and a 52 week high of $70.84. The company has a market capitalization of $79.17 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The company’s 50-day simple moving average is $64.13 and its 200 day simple moving average is $63.03. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share. As a group, sell-side analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.00%. Amphenol’s dividend payout ratio is 40.49%.

Wall Street Analyst Weigh In

Several research firms have recently commented on APH. TD Cowen increased 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. Citigroup lifted their price objective on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Vertical Research initiated coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price target for the company. Finally, Evercore ISI restated an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Six investment 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, Amphenol presently 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.