Kayne Anderson Rudnick Investment Management LLC Boosts Stock Position in Amphenol Co. (NYSE:APH)

Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Amphenol Co. (NYSE:APH) by 88.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,065,877 shares of the electronics maker’s stock after buying an additional 1,442,747 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 0.26% of Amphenol worth $206,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in APH. Beacon Capital Management LLC raised its holdings in shares of Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC lifted its holdings in Amphenol by 100.0% in the 2nd 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 in the last quarter. Sachetta LLC boosted its stake in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 249 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Amphenol during the fourth quarter worth $29,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol in the second quarter valued at about $29,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 90,000 shares of the business’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 transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,323,010. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is owned by company insiders.

Amphenol Trading Up 0.9 %

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 one year low of $39.34 and a one year high of $70.84. The company has a market cap of $79.17 billion, a P/E ratio of 40.44, a PEG ratio of 2.45 and a beta of 1.24. The business’s 50-day simple moving average is $64.13 and its 200-day simple moving average is $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, topping the consensus estimate of $0.41 by $0.03. The firm 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%. Amphenol’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. As a group, equities research analysts expect that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s payout ratio is currently 40.49%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Bank of America downgraded Amphenol from a “buy” rating to a “neutral” rating and cut their target price for the stock from $80.00 to $71.00 in a research note on Wednesday, September 4th. Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Truist Financial raised their price target on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Citigroup upped their price objective on Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, Robert W. Baird lowered their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.