Amphenol Co. (NYSE:APH) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its position in shares of Amphenol Co. (NYSE:APH) by 87.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,088 shares of the electronics maker’s stock after buying an additional 1,909 shares during the period. Moors & Cabot Inc.’s holdings in Amphenol were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new position in shares of Amphenol in the 4th quarter valued at $29,000. Beacon Capital Management LLC boosted its stake in Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 206 shares during the period. New England Capital Financial Advisors LLC increased its position in shares of Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 188 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Amphenol in the 2nd quarter valued at approximately $29,000. Finally, Sachetta LLC lifted its holdings in shares of Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 0.9 %

NYSE:APH opened at $65.91 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. Amphenol Co. has a 1 year low of $39.34 and a 1 year high of $70.84. The stock has a market cap of $79.17 billion, a P/E ratio of 40.44, a P/E/G ratio of 2.45 and a beta of 1.24. The stock has a 50-day simple moving average of $64.13 and a 200-day simple moving average of $62.97.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. As a group, analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current fiscal 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 paid a $0.165 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.00%. Amphenol’s dividend payout ratio is presently 40.49%.

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 750,000 shares of the firm’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 owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the company’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 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction that occurred 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 owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on APH. TD Cowen lifted their price objective on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. 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 price target on the stock. Robert W. Baird dropped their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Finally, Truist Financial boosted their price target on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.