Czech National Bank Increases Position in Amphenol Co. (NYSE:APH)

Czech National Bank lifted its stake in Amphenol Co. (NYSE:APH) by 7.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,326 shares of the electronics maker’s stock after purchasing an additional 16,425 shares during the period. Czech National Bank’s holdings in Amphenol were worth $15,985,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC boosted its stake in shares of 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 in the last quarter. New England Capital Financial Advisors LLC grew its holdings in Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the last quarter. Sachetta LLC increased its position in shares of Amphenol by 131.1% in 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 in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol during the 2nd quarter worth $29,000. Finally, New Millennium Group LLC purchased a new stake in shares of Amphenol in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Vertical Research started coverage on shares of Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. Bank of America downgraded Amphenol from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $80.00 to $71.00 in a research report on Wednesday, September 4th. Truist Financial increased their target price 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 cut their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Six 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 data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Trading Up 0.5 %

Shares of APH traded up $0.33 during mid-day trading on Friday, hitting $62.40. The company had a trading volume of 5,287,879 shares, compared to its average volume of 6,541,861. Amphenol Co. has a 1-year low of $39.34 and a 1-year high of $70.84. The business’s 50-day simple moving average is $63.90 and its 200-day simple moving average is $63.61. The stock has a market cap of $74.96 billion, a PE ratio of 38.27, a P/E/G ratio of 2.59 and a beta of 1.24. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last announced its quarterly earnings data 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 company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 EPS. Sell-side 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. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Tuesday, September 17th. Amphenol’s payout ratio is currently 40.49%.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider William J. Doherty sold 300,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is currently owned by corporate insiders.

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.