Clearbridge Investments LLC Increases Position in Amphenol Co. (NYSE:APH)

Clearbridge Investments LLC increased its stake in shares of Amphenol Co. (NYSE:APH) by 112.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 285,372 shares of the electronics maker’s stock after buying an additional 150,933 shares during the period. Clearbridge Investments LLC’s holdings in Amphenol were worth $19,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APH. B. Riley Wealth Advisors Inc. raised its position in Amphenol by 0.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after acquiring an additional 80 shares during the last quarter. Atomi Financial Group Inc. increased its stake 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 worth $544,000 after purchasing an additional 81 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in shares of Amphenol by 1.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after purchasing an additional 88 shares during the last quarter. Nicolet Advisory Services LLC lifted its stake in Amphenol by 3.4% in the 1st quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock valued at $313,000 after buying an additional 89 shares in the last quarter. Finally, Webster Bank N. A. increased its position in Amphenol by 16.2% during the first quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock worth $80,000 after buying an additional 97 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 300,000 shares of the company’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Luc Walter sold 170,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. This trade represents a 0.00 % decrease in their position. 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. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Robert W. Baird decreased their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Vertical Research initiated coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price for the company. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Finally, Evercore ISI reissued an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Stock Up 0.5 %

APH stock opened at $62.38 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The firm’s 50-day simple moving average is $63.90 and its 200 day simple moving average is $63.61. The stock has a market cap of $74.93 billion, a PE ratio of 38.27, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. 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 results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share 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 company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, sell-side analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

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

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.