Amphenol Co. (NYSE:APH) Shares Bought by Dundas Partners LLP

Dundas Partners LLP raised its stake in Amphenol Co. (NYSE:APH – Free Report) by 55.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 617,382 shares of the electronics maker’s stock after acquiring an additional 219,875 shares during the quarter. Amphenol makes up approximately 3.3% of Dundas Partners LLP’s investment portfolio, making the stock its 9th largest position. Dundas Partners LLP owned about 0.05% of Amphenol worth $41,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of APH. Beacon Capital Management LLC boosted its stake in 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 buying an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC raised its position in Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares in the last quarter. Sachetta LLC boosted its stake in Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 249 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Amphenol in the second quarter valued at approximately $29,000. Finally, New Millennium Group LLC acquired a new position in shares of Amphenol during the second quarter valued at about $31,000. Institutional investors own 97.01% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several equities research analysts have recently issued reports on APH shares. Truist Financial upped 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. Robert W. Baird cut their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. TD Cowen boosted their target price on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Finally, Evercore ISI reissued an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Six 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 company’s stock. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.04, according to MarketBeat.com.

Read our latest stock report on Amphenol

Amphenol stock performance

NYSE APH opened at $65.35 on Thursday. The firm has a 50 day moving average price of $63.96 and a two hundred day moving average price of $63.23. Amphenol Co. has a 12-month low of $39.34 and a 12-month high of $70.84. The company has a market cap of $78.70 billion, a P/E ratio of 39.97, a P/E/G ratio of 2.59 and a beta of 1.24. The company has a quick ratio of 1.32, a current ratio of 2.02, and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) 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 business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. In the same period last year, the company posted earnings of $0.72 per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts anticipate that Amphenol Co. will record 1.76 profit per share for the current 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 paid a $0.165 dividend. This represents a dividend of $0.66 on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is currently 40.37%.

Insiders place their bets

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

Amphenol Company Profile

(Free Report)

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 systems and sensors.

Further reading

Want to see what other hedge funds own APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Amphenol Co. (NYSE:APH – Free Report).

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