Amphenol Co. (NYSE:APH) Shares Bought by Clear Rock Advisors LLC

Clear Rock Advisors LLC lifted its stake in Amphenol Co. (NYSE:APH) by 89.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 63,221 shares of the electronics maker’s stock after acquiring an additional 29,831 shares during the quarter. Amphenol accounts for 1.8% of Clear Rock Advisors LLC’s investment portfolio, making the stock its 11th largest position. Clear Rock Advisors LLC’s holdings in Amphenol were worth $4,259,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its stake in Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC lifted its position in shares of Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Sachetta LLC boosted its stake in shares of Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol in the second quarter valued at approximately $29,000. Finally, New Millennium Group LLC purchased a new stake in Amphenol during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on APH. TD Cowen boosted their price target on shares of Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research note on Thursday, June 6th. Truist Financial upped their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. UBS Group lifted their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird cut their target price on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Vertical Research assumed coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Six equities research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.04.

Amphenol Price Performance

Shares of APH opened at $63.62 on Wednesday. The firm has a fifty day moving average price of $63.92 and a 200 day moving average price of $63.58. The stock has a market cap of $76.42 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. 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.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the firm earned $0.72 EPS. The business’s revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts anticipate 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. Investors 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 1.04%. The ex-dividend date is Tuesday, September 17th. Amphenol’s dividend payout ratio is currently 40.49%.

Insiders Place Their Bets

In other news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction 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 $124,875,089.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Luc Walter sold 106,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.19, for a total value of $6,804,140.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $48,405,000.00. Following the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,516,000 shares of company stock valued at $98,236,640. Insiders own 1.80% of the company’s stock.

About Amphenol

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.