Cetera Investment Advisers Buys 68,103 Shares of Amphenol Co. (NYSE:APH)

Cetera Investment Advisers grew its stake in shares of Amphenol Co. (NYSE:APH) by 71.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,068 shares of the electronics maker’s stock after purchasing an additional 68,103 shares during the quarter. Cetera Investment Advisers’ holdings in Amphenol were worth $11,053,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of APH. Bank of New York Mellon Corp raised its position in shares of 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 purchasing an additional 17,552,921 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in 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. Price T Rowe Associates Inc. MD raised its position in Amphenol by 39.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock worth $2,899,059,000 after acquiring an additional 8,340,759 shares during the last quarter. Mawer Investment Management Ltd. increased its position in Amphenol by 88.9% during the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after purchasing an additional 7,275,279 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Amphenol by 116.6% in the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after purchasing an additional 5,293,292 shares during the period. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Vertical Research assumed coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. Bank of America downgraded shares of Amphenol from a “buy” rating to a “neutral” rating and cut their target price for the company from $80.00 to $71.00 in a research report on Wednesday, September 4th. Robert W. Baird decreased their price target on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, UBS Group raised their price target on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $66.58.

Insider Transactions at Amphenol

In related news, VP Lance E. D’amico sold 90,000 shares of the business’s 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 sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,323,010. The trade was a 0.00 % decrease in their position. 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 90,000 shares of the 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 directly owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock valued at $98,236,640 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Amphenol Trading Up 0.5 %

NYSE APH opened at $62.40 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The company has a 50-day simple moving average of $63.90 and a 200-day simple moving average of $63.67. The firm has a market capitalization of $74.96 billion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period last year, the business posted $0.72 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current 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 given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Tuesday, September 17th. Amphenol’s dividend payout ratio 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.