Summit Trail Advisors LLC Raises Position in Amphenol Co. (NYSE:APH)

Summit Trail Advisors LLC boosted its position in Amphenol Co. (NYSE:APH) by 108.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,090 shares of the electronics maker’s stock after acquiring an additional 9,395 shares during the period. Summit Trail Advisors LLC’s holdings in Amphenol were worth $1,221,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of APH. B. Riley Wealth Advisors Inc. raised its position in Amphenol by 0.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after purchasing an additional 80 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Amphenol by 1.7% during the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock valued at $544,000 after purchasing an additional 81 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Amphenol by 2.0% in the first quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock worth $490,000 after acquiring an additional 85 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in shares of Amphenol by 1.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock valued at $701,000 after acquiring an additional 88 shares during the period. Finally, Nicolet Advisory Services LLC raised its stake in shares of Amphenol by 3.4% in the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock worth $313,000 after purchasing an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on APH shares. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Vertical Research assumed coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. Robert W. Baird lowered their price target on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. 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. Finally, UBS Group upped their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Price Performance

APH stock 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 firm has a market cap of $79.17 billion, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. 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 stock has a 50-day simple moving average of $64.13 and a 200-day simple moving average of $63.03.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $3.61 billion for 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%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. On average, equities analysts predict that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.00%. Amphenol’s payout ratio is 40.49%.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction on Friday, July 26th. The stock was 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 approximately $124,875,089.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction that occurred on 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 owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider William J. Doherty sold 300,000 shares of the business’s 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,516,000 shares of company stock valued at $98,236,640. Corporate 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.