Pacer Advisors Inc. Grows Position in Amphenol Co. (NYSE:APH)

Pacer Advisors Inc. raised its holdings in shares of Amphenol Co. (NYSE:APH) by 79.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 139,065 shares of the electronics maker’s stock after purchasing an additional 61,559 shares during the period. Pacer Advisors Inc.’s holdings in Amphenol were worth $9,369,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of APH. Texas Permanent School Fund Corp raised its stake in Amphenol by 61.1% in the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock worth $13,458,000 after buying an additional 75,753 shares in the last quarter. United Services Automobile Association raised its position in shares of Amphenol by 102.0% in the 2nd quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after acquiring an additional 16,149 shares in the last quarter. Choreo LLC lifted its stake in shares of Amphenol by 556.7% during the 2nd quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after purchasing an additional 34,309 shares during the last quarter. Angeles Wealth Management LLC boosted its position in Amphenol by 102.4% during the second quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock valued at $258,000 after purchasing an additional 1,936 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in Amphenol by 4,215.3% in the second quarter. Federated Hermes Inc. now owns 117,678 shares of the electronics maker’s stock valued at $7,928,000 after purchasing an additional 114,951 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the topic of a number of recent analyst reports. TD Cowen raised their price target on shares of Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a report on Thursday, June 6th. Citigroup lifted their price target on shares of Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Robert W. Baird decreased their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Bank of America downgraded Amphenol from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $80.00 to $71.00 in a research note on Wednesday, September 4th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $65.04.

Insider Activity

In related news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider William J. Doherty sold 300,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were 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 SEC, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction dated 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 completion of the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. 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 three months. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Stock Down 0.4 %

NYSE:APH opened at $65.67 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The company’s fifty day moving average price is $64.05 and its 200-day moving average price is $63.15. Amphenol Co. has a 1-year low of $39.34 and a 1-year high of $70.84. The firm 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.

Amphenol (NYSE:APH) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the firm earned $0.72 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.01%. Amphenol’s payout ratio is 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.