GM Advisory Group LLC Increases Stock Position in Amphenol Co. (NYSE:APH)

GM Advisory Group LLC lifted its position in Amphenol Co. (NYSE:APH) by 99.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,314 shares of the electronics maker’s stock after purchasing an additional 6,639 shares during the quarter. GM Advisory Group LLC’s holdings in Amphenol were worth $897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ieq Capital LLC lifted its position in Amphenol by 107.7% during the second quarter. Ieq Capital LLC now owns 94,035 shares of the electronics maker’s stock valued at $6,335,000 after purchasing an additional 48,754 shares during the last quarter. Brighton Jones LLC raised its position in shares of Amphenol by 136.8% during the 2nd quarter. Brighton Jones LLC now owns 17,177 shares of the electronics maker’s stock valued at $1,157,000 after buying an additional 9,923 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Amphenol by 80.2% in the 2nd quarter. Intech Investment Management LLC now owns 23,225 shares of the electronics maker’s stock valued at $1,565,000 after acquiring an additional 10,337 shares during the last quarter. Inspire Investing LLC grew its position in Amphenol by 69.4% in the second quarter. Inspire Investing LLC now owns 142,236 shares of the electronics maker’s stock worth $9,582,000 after acquiring an additional 58,284 shares in the last quarter. Finally, MQS Management LLC bought a new stake in Amphenol during the second quarter worth approximately $1,653,000. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. UBS Group lifted their price objective on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Bank of America downgraded shares of Amphenol from a “buy” rating to a “neutral” rating and reduced their target price for the company from $80.00 to $71.00 in a research note on Wednesday, September 4th. Vertical Research initiated coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price target for the company. Finally, TD Cowen increased their price objective on shares of Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research report on Thursday, June 6th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $65.04.

Insider Buying and Selling at Amphenol

In other 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 value of $19,749,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $124,875,089.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is currently owned by insiders.

Amphenol Trading Up 3.1 %

NYSE APH opened at $65.29 on Friday. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. 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 market capitalization of $78.43 billion, a price-to-earnings ratio of 40.06, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The company’s 50-day simple moving average is $64.21 and its two-hundred day simple moving average is $62.90.

Amphenol (NYSE:APH) last issued 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 during the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. Amphenol’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Equities analysts forecast that Amphenol Co. will post 1.76 EPS for the current fiscal 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 issued a $0.165 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. 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.