Amphenol Co. (NYSE:APH) Shares Purchased by Hancock Whitney Corp

Hancock Whitney Corp lifted its stake in shares of Amphenol Co. (NYSE:APH) by 99.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,308 shares of the electronics maker’s stock after buying an additional 6,122 shares during the quarter. Hancock Whitney Corp’s holdings in Amphenol were worth $829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Beacon Capital Management LLC raised 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 buying an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC increased its position 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 buying an additional 188 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Amphenol in the 2nd quarter valued at about $29,000. Sachetta LLC lifted its stake in shares of 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 buying an additional 249 shares during the period. Finally, Brown Shipley& Co Ltd purchased a new stake in Amphenol in the 1st quarter worth approximately $52,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In related news, insider William J. Doherty sold 300,000 shares of the firm’s 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider William J. Doherty sold 300,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction on 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 transaction, the vice president now directly owns 51,400 shares in the company, valued at $3,323,010. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Amphenol Trading Up 0.9 %

Shares of Amphenol stock opened at $65.91 on Monday. Amphenol Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The firm has a market cap of $79.17 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The business has a fifty day simple moving average of $64.13 and a 200-day simple moving average of $63.08.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 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 analyst estimates of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. On average, equities analysts forecast that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The company 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. This represents a $0.66 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Tuesday, September 17th. Amphenol’s payout ratio is 40.49%.

Analysts Set New Price Targets

Several brokerages recently weighed in on APH. UBS Group increased their target price on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Robert W. Baird reduced their price target on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Truist Financial boosted their target price on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Finally, TD Cowen raised their price target on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a report on Thursday, June 6th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average target price of $65.04.

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.