Federated Hermes Inc. Increases Stock Position in Amphenol Co. (NYSE:APH)

Federated Hermes Inc. grew its stake in shares of Amphenol Co. (NYSE:APH) by 4,215.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 117,678 shares of the electronics maker’s stock after acquiring an additional 114,951 shares during the quarter. Federated Hermes Inc.’s holdings in Amphenol were worth $7,928,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in APH. Frazier Financial Advisors LLC bought a new position in shares of Amphenol in the 4th quarter worth approximately $29,000. Beacon Capital Management LLC lifted its stake in shares of Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 206 shares during the period. New England Capital Financial Advisors LLC lifted its stake in shares of Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of Amphenol in the 2nd quarter worth approximately $29,000. Finally, Sachetta LLC raised its stake in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 1.4 %

APH stock opened at $63.99 on Wednesday. The firm has a fifty day moving average price of $64.43 and a 200 day moving average price of $62.88. Amphenol Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. 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 cap of $76.87 billion, a PE ratio of 39.26, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its 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. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. Amphenol’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. Sell-side analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Evercore ISI restated an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Bank of America cut shares of Amphenol from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $80.00 to $71.00 in a research report on Wednesday, September 4th. Robert W. Baird reduced their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Citigroup lifted their price objective on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, Vertical Research started coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.04.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the business’s 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 transaction, the vice president now owns 51,400 shares in the company, valued at $3,323,010. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at $3,373,382. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at $3,323,010. The disclosure for this sale can be found here. Insiders have sold 1,516,000 shares of company stock worth $98,236,640 over the last quarter. Insiders own 1.80% of the company’s stock.

Amphenol Company 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.