Regency Capital Management Inc. DE Buys 47,258 Shares of Amphenol Co. (NYSE:APH)

Regency Capital Management Inc. DE boosted its position in Amphenol Co. (NYSE:APH) by 86.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,018 shares of the electronics maker’s stock after purchasing an additional 47,258 shares during the quarter. Amphenol comprises approximately 4.4% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 6th largest position. Regency Capital Management Inc. DE’s holdings in Amphenol were worth $6,873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Amphenol by 0.4% in the first quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock valued at $8,473,608,000 after acquiring an additional 321,861 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Amphenol by 92.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after buying an additional 17,552,921 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Amphenol by 6.8% in the first 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 during the period. Massachusetts Financial Services Co. MA grew its position in shares of Amphenol by 69.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after buying an additional 9,487,387 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its holdings in Amphenol by 88.9% during the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after acquiring an additional 7,275,279 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 750,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,323,010. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock valued at $98,236,640 over the last quarter. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

Shares of APH opened at $65.16 on Tuesday. The company has a market capitalization of $78.27 billion, a price-to-earnings ratio of 39.98, a PEG ratio of 2.59 and a beta of 1.24. 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 Co. has a 1 year low of $39.34 and a 1 year high of $70.84. The company’s 50 day simple moving average is $63.97 and its 200 day simple moving average is $63.52.

Amphenol (NYSE:APH) last released 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 business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. On average, sell-side analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on APH. 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. Robert W. Baird reduced their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Bank of America downgraded shares of Amphenol from a “buy” rating to a “neutral” rating and lowered their target price for the company from $80.00 to $71.00 in a report on Wednesday, September 4th. UBS Group upped their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. 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 stock. According to MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average price target 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.