Intech Investment Management LLC Has $1.57 Million Stake in Amphenol Co. (NYSE:APH)

Intech Investment Management LLC increased its stake in shares of Amphenol Co. (NYSE:APH) by 80.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,225 shares of the electronics maker’s stock after purchasing an additional 10,337 shares during the quarter. Intech Investment Management LLC’s holdings in Amphenol were worth $1,565,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its holdings in shares of Amphenol by 121.2% during the 2nd 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 in the last quarter. New England Capital Financial Advisors LLC grew its stake in 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 purchasing an additional 188 shares in the last quarter. Sachetta LLC increased its position in Amphenol by 131.1% in 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. Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol during the 2nd quarter valued at about $29,000. Finally, New Millennium Group LLC bought a new stake in shares of Amphenol in the 2nd quarter valued at approximately $31,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s 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 sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $124,875,089.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,323,010. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

APH has been the topic of several recent research reports. UBS Group lifted their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Vertical Research started coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Citigroup raised their target price on Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Truist Financial upped their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird cut 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 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.04.

Amphenol Stock Down 0.4 %

NYSE APH opened at $65.67 on Tuesday. Amphenol Co. has a twelve month low of $39.34 and a twelve month high of $70.84. The stock has a market cap of $78.88 billion, a PE ratio of 40.29, a PEG ratio of 2.45 and a beta of 1.24. The firm has a 50-day simple moving average of $64.05 and a 200 day simple moving average of $63.15. 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 (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping 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 return on equity of 24.08% and a net margin of 15.69%. Amphenol’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 EPS. On average, research analysts forecast that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Tuesday, September 17th. Amphenol’s dividend payout ratio is 40.49%.

Amphenol Company 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.