Skandinaviska Enskilda Banken AB publ Has $12.92 Million Stake in Amphenol Co. (NYSE:APH)

Skandinaviska Enskilda Banken AB publ reduced its position in shares of Amphenol Co. (NYSE:APH) by 29.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,816 shares of the electronics maker’s stock after selling 79,596 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Amphenol were worth $12,923,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Beacon Capital Management LLC increased its stake in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC increased its position 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 valued at $25,000 after acquiring an additional 188 shares during the last quarter. Sachetta LLC raised its holdings in Amphenol by 131.1% during 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 Amphenol during the second quarter valued at approximately $29,000. Finally, New Millennium Group LLC bought a new position in Amphenol in the second quarter valued at approximately $31,000. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. UBS Group lifted their price objective on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Bank of America cut shares of Amphenol from a “buy” rating to a “neutral” rating and dropped their target price for the company from $80.00 to $71.00 in a report on Wednesday, September 4th. Vertical Research began coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price target for the company. Finally, Robert W. Baird dropped their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. 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, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $65.04.

Amphenol Stock Performance

APH opened at $65.91 on Friday. 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 $79.17 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The business has a fifty day simple moving average of $64.13 and a 200 day simple moving average of $63.03.

Amphenol (NYSE:APH) last released 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. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the company posted $0.72 earnings per share. Amphenol’s revenue was up 18.2% compared to the same quarter last year. Research analysts expect that Amphenol Co. will post 1.76 EPS 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 dividend of $0.165 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a dividend yield of 1.00%. Amphenol’s dividend payout ratio is presently 40.49%.

Insider Activity at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction 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 completion of the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,373,382. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,323,010. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,516,000 shares of company stock worth $98,236,640. Company insiders own 1.80% of the company’s stock.

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.