Aprio Wealth Management LLC Increases Position in Amphenol Co. (NYSE:APH)

Aprio Wealth Management LLC raised its position in Amphenol Co. (NYSE:APH) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,794 shares of the electronics maker’s stock after purchasing an additional 222 shares during the quarter. Aprio Wealth Management LLC’s holdings in Amphenol were worth $378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its stake in shares of Amphenol by 121.2% in the second 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 stake in shares of Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares in the last quarter. Sachetta LLC grew its stake in shares of Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol in the second quarter worth $29,000. Finally, New Millennium Group LLC acquired a new position in shares of Amphenol in the second quarter worth $31,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on APH shares. Robert W. Baird lowered their target price 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. Vertical Research started coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Finally, Bank of America downgraded shares of Amphenol from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $71.00 in a research note on Wednesday, September 4th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.58.

Insider Activity

In other news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider William J. Doherty sold 300,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction dated 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 $124,875,089.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,516,000 shares of company stock valued at $98,236,640. Insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

NYSE APH opened at $64.32 on Wednesday. The company has a fifty day moving average of $63.89 and a two-hundred day moving average of $63.76. Amphenol Co. has a 1 year low of $39.34 and a 1 year high of $70.84. 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 $77.26 billion, a PE ratio of 39.46, a P/E/G ratio of 2.59 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. As a group, analysts expect that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The firm 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 $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.03%. Amphenol’s payout ratio is 40.49%.

About Amphenol

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.