Valliance Asset Management Ltd Buys 2,000 Shares of Amphenol Co. (NYSE:APH)

Valliance Asset Management Ltd grew its stake in Amphenol Co. (NYSE:APH) by 20.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,000 shares of the electronics maker’s stock after acquiring an additional 2,000 shares during the quarter. Amphenol accounts for 1.2% of Valliance Asset Management Ltd’s holdings, making the stock its 12th biggest position. Valliance Asset Management Ltd’s holdings in Amphenol were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of APH. Vanguard Group Inc. boosted its position in Amphenol by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock worth $8,473,608,000 after acquiring an additional 321,861 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Amphenol by 92.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after buying an additional 17,552,921 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amphenol by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock valued at $3,601,694,000 after buying an additional 1,979,022 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Amphenol by 0.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 13,212,184 shares of the electronics maker’s stock valued at $1,309,724,000 after buying an additional 67,091 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Amphenol in the 4th quarter valued at approximately $1,078,167,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on APH. Seaport Res Ptn raised Amphenol to a “strong-buy” rating in a report on Monday, May 20th. UBS Group increased their price target on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Truist Financial increased their price target on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. TD Cowen increased their price target on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. Finally, Vertical Research began coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.04.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 750,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $124,875,089.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 750,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were 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 owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock worth $98,236,640 over the last ninety days. 1.80% of the stock is owned by insiders.

Amphenol Stock Up 0.1 %

APH stock opened at $60.79 on Wednesday. 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 stock has a market capitalization of $73.21 billion, a price-to-earnings ratio of 37.18, a PEG ratio of 2.36 and a beta of 1.24. The business’s fifty day moving average price is $64.90 and its two-hundred day moving average price is $62.57. Amphenol Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84.

Amphenol (NYSE:APH) last posted 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 firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the business earned $0.72 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be given 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 1.09%. Amphenol’s dividend payout ratio (DPR) is 26.91%.

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.