Mather Group LLC. Raises Holdings in Amphenol Co. (NYSE:APH)

Mather Group LLC. boosted its stake in shares of Amphenol Co. (NYSE:APH) by 91.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,706 shares of the electronics maker’s stock after purchasing an additional 10,874 shares during the period. Mather Group LLC.’s holdings in Amphenol were worth $1,479,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in APH. Oppenheimer & Co. Inc. boosted its stake in Amphenol by 2.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 14,904 shares of the electronics maker’s stock worth $1,477,000 after purchasing an additional 302 shares during the period. Westwood Holdings Group Inc. purchased a new stake in shares of Amphenol in the fourth quarter valued at $231,000. Quadrature Capital Ltd bought a new stake in Amphenol in the fourth quarter worth about $1,399,000. Ossiam grew its position in Amphenol by 10.3% in the 4th quarter. Ossiam now owns 17,337 shares of the electronics maker’s stock valued at $1,719,000 after acquiring an additional 1,615 shares during the last quarter. Finally, Shell Asset Management Co. increased its position in shares of Amphenol by 128.4% during the fourth quarter. Shell Asset Management Co. now owns 7,867 shares of the electronics maker’s stock worth $780,000 after acquiring an additional 4,423 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

NYSE:APH opened at $64.32 on Wednesday. The stock has a market capitalization of $77.26 billion, a PE ratio of 39.46, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. Amphenol Co. has a 52 week low of $39.34 and a 52 week high of $70.84. 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 stock’s 50-day moving average price is $63.89 and its 200-day moving average price is $63.76.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. As a group, equities analysts expect that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Tuesday, September 17th. Amphenol’s payout ratio is 40.49%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APH. Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Vertical Research began coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. UBS Group upped their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Bank of America lowered shares of Amphenol from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $80.00 to $71.00 in a research report on Wednesday, September 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.58.

Insider Activity at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction 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 sale, the vice president now owns 51,400 shares of the company’s stock, valued at $3,323,010. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.65, for a total value of $5,818,500.00. Following the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,323,010. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Luc Walter sold 170,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.10, for a total value of $10,897,000.00. Following the completion of the sale, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is owned by insiders.

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.