Xponance Inc. Grows Stock Position in Amphenol Co. (NYSE:APH)

Xponance Inc. boosted its stake in Amphenol Co. (NYSE:APH) by 110.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 224,462 shares of the electronics maker’s stock after acquiring an additional 117,729 shares during the quarter. Xponance Inc.’s holdings in Amphenol were worth $15,122,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Bank of Montreal Can raised its position in shares of Amphenol by 67.2% in the 2nd quarter. Bank of Montreal Can now owns 2,385,215 shares of the electronics maker’s stock valued at $162,290,000 after purchasing an additional 958,886 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of Amphenol by 130.6% in the second quarter. Evergreen Capital Management LLC now owns 7,075 shares of the electronics maker’s stock worth $477,000 after purchasing an additional 4,007 shares in the last quarter. Magnetar Financial LLC bought a new position in Amphenol during the second quarter valued at about $4,255,000. Public Sector Pension Investment Board boosted its stake in Amphenol by 246.5% during the second quarter. Public Sector Pension Investment Board now owns 45,942 shares of the electronics maker’s stock valued at $3,095,000 after buying an additional 32,685 shares in the last quarter. Finally, J. Stern & Co. LLP lifted its holdings in shares of Amphenol by 81.3% during the second quarter. J. Stern & Co. LLP now owns 713,913 shares of the electronics maker’s stock valued at $48,096,000 after purchasing an additional 320,224 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Luc Walter sold 106,000 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.19, for a total value of $6,804,140.00. Following the completion of the sale, the insider now owns 447,790 shares in the company, valued at $28,743,640.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the 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 sale, the vice president now directly owns 51,400 shares in the company, valued at $3,323,010. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luc Walter sold 106,000 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.19, for a total value of $6,804,140.00. Following the completion of the sale, the insider now owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The disclosure for this sale can be found here. Insiders have sold 1,516,000 shares of company stock valued at $98,236,640 over the last 90 days. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on APH shares. Vertical Research began coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. Citigroup raised 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. Truist Financial increased their price objective on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. UBS Group increased their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, Robert W. Baird lowered their target price on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Price Performance

Amphenol stock opened at $65.91 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. 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. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. The business has a 50 day simple moving average of $64.13 and a 200 day simple moving average of $63.08.

Amphenol (NYSE:APH) last posted its quarterly earnings data 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 for 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 business’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, sell-side analysts forecast that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

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