Amphenol Co. (NYSE:APH) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC lowered its position in Amphenol Co. (NYSE:APH) by 31.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,005 shares of the electronics maker’s stock after selling 1,850 shares during the period. EP Wealth Advisors LLC’s holdings in Amphenol were worth $270,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of APH. Core Alternative Capital raised its holdings in Amphenol by 100.0% in the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 231 shares during the period. Regal Investment Advisors LLC raised its stake in shares of Amphenol by 99.5% during the 2nd quarter. Regal Investment Advisors LLC now owns 6,687 shares of the electronics maker’s stock worth $450,000 after buying an additional 3,335 shares during the period. Quarry LP purchased a new position in shares of Amphenol during the 2nd quarter valued at approximately $119,000. Wallace Advisory Group LLC grew its stake in Amphenol by 31.0% in the 2nd quarter. Wallace Advisory Group LLC now owns 8,240 shares of the electronics maker’s stock valued at $555,000 after acquiring an additional 1,948 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in Amphenol by 100.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 324 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Amphenol stock opened at $62.38 on Friday. The firm has a 50 day simple moving average of $63.90 and a 200-day simple moving average of $63.61. The stock has a market cap of $74.93 billion, a price-to-earnings ratio of 38.27, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. 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 Co. has a 1-year low of $39.34 and a 1-year high of $70.84.

Amphenol (NYSE:APH) last issued 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. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts expect that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.06%. Amphenol’s payout ratio is currently 40.49%.

Insider Buying and Selling at Amphenol

In other news, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,516,000 shares of company stock valued at $98,236,640 over the last 90 days. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Stifel Nicolaus restated a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Bank of America downgraded Amphenol from a “buy” rating to a “neutral” rating and decreased their target price for the company from $80.00 to $71.00 in a research report on Wednesday, September 4th. UBS Group boosted their price target on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Truist Financial raised their price objective on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, Vertical Research began coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price 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.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $65.04.

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.