Connable Office Inc. Boosts Stock Holdings in Amphenol Co. (NYSE:APH)

Connable Office Inc. boosted its stake in shares of Amphenol Co. (NYSE:APH) by 63.3% during the second quarter, HoldingsChannel.com reports. The firm owned 32,874 shares of the electronics maker’s stock after acquiring an additional 12,747 shares during the period. Connable Office Inc.’s holdings in Amphenol were worth $2,215,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. First National Advisers LLC raised its stake in Amphenol by 45.0% during the fourth quarter. First National Advisers LLC now owns 20,380 shares of the electronics maker’s stock worth $2,021,000 after purchasing an additional 6,329 shares during the period. Franklin Resources Inc. raised its stake in shares of Amphenol by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 4,015,628 shares of the electronics maker’s stock valued at $398,069,000 after acquiring an additional 20,521 shares during the period. Balentine LLC raised its stake in shares of Amphenol by 20.0% in the 4th quarter. Balentine LLC now owns 20,920 shares of the electronics maker’s stock valued at $2,074,000 after acquiring an additional 3,492 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Amphenol by 19.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 52,980 shares of the electronics maker’s stock valued at $5,252,000 after acquiring an additional 8,596 shares during the period. Finally, Lazard Freres Gestion S.A.S. raised its stake in shares of Amphenol by 1.6% in the 4th quarter. Lazard Freres Gestion S.A.S. now owns 626,650 shares of the electronics maker’s stock valued at $59,099,000 after acquiring an additional 10,000 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on APH shares. Truist Financial raised their target price 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. Citigroup raised their target price on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Finally, UBS Group lifted their price target on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.04.

Amphenol Trading Up 0.1 %

NYSE APH opened at $60.79 on Wednesday. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. The company has a 50-day simple moving average of $64.90 and a 200-day simple moving average of $62.57. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The firm has a market capitalization of $73.21 billion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 2.36 and a beta of 1.24.

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

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s payout ratio 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.