Westwood Holdings Group Inc. Acquires 1,449 Shares of Amphenol Co. (NYSE:APH)

Westwood Holdings Group Inc. lifted its position in Amphenol Co. (NYSE:APH) by 77.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,310 shares of the electronics maker’s stock after acquiring an additional 1,449 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Amphenol were worth $223,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Beacon Capital Management LLC boosted its stake 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 purchasing an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC increased its position in shares of Amphenol by 100.0% during 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 during the last quarter. Sachetta LLC increased its position in Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after buying an additional 249 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Amphenol in the second quarter worth approximately $29,000. Finally, New Millennium Group LLC purchased a new stake in shares of Amphenol during the second quarter worth about $31,000. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Down 0.4 %

Amphenol stock opened at $65.67 on Tuesday. The company has a market capitalization of $78.88 billion, a P/E ratio of 40.29, a PEG ratio of 2.45 and a beta of 1.24. The stock 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 Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. Equities research analysts expect that Amphenol Co. will post 1.76 earnings per share 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 issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is 40.49%.

Insider Activity

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 shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,323,010. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Lance E. D’amico sold 90,000 shares of the 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 sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock valued at $98,236,640 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on APH shares. Citigroup boosted their price target on shares of Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. TD Cowen raised their target price on shares of Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research report on Thursday, June 6th. Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Truist Financial lifted their target price on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird dropped their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Six investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.