Select Equity Group L.P. Increases Stake in Amphenol Co. (NYSE:APH)

Select Equity Group L.P. raised its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 21.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,139,633 shares of the electronics maker's stock after purchasing an additional 546,376 shares during the quarter. Select Equity Group L.P. owned approximately 0.26% of Amphenol worth $211,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its stake in shares of Amphenol by 0.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker's stock valued at $3,609,000 after purchasing an additional 80 shares during the period. Atomi Financial Group Inc. increased its position in shares of Amphenol by 1.7% during the first quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker's stock valued at $544,000 after buying an additional 81 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Amphenol by 2.0% in the first quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker's stock worth $490,000 after buying an additional 85 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its position in shares of Amphenol by 1.5% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker's stock valued at $701,000 after acquiring an additional 88 shares during the period. Finally, Nicolet Advisory Services LLC grew its stake in Amphenol by 3.4% during the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker's stock valued at $313,000 after acquiring an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on APH. Stifel Nicolaus reiterated a "hold" rating on shares of Amphenol in a research note on Thursday, June 13th. UBS Group lifted their price objective on Amphenol from $69.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, July 10th. Evercore ISI restated an "outperform" rating on shares of Amphenol in a research note on Thursday, June 13th. TD Cowen lifted their price target on Amphenol from $45.00 to $57.50 and gave the company a "hold" rating in a research report on Thursday, June 6th. Finally, Truist Financial boosted their price objective on Amphenol from $74.50 to $76.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. Six research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $65.04.

Insider Activity at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total value of $48,405,000.00. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company's stock, valued at approximately $124,875,089.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Luc Walter sold 170,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the completion of the sale, the insider now directly owns 447,790 shares in the company, valued at $28,703,339. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $48,405,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $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 in the last ninety days. 1.80% of the stock is owned by company insiders.

Amphenol Stock Up 0.6 %

Shares of NYSE APH opened at $65.72 on Friday. The stock has a market capitalization of $78.94 billion, a P/E ratio of 40.32, a PEG ratio of 2.59 and a beta of 1.24. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. The firm's 50 day simple moving average is $63.98 and its two-hundred day simple moving average is $63.26. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32.

Amphenol (NYSE:APH - Get Free Report) last released its 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. The company had revenue of $3.61 billion for 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%. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 EPS. As a group, analysts expect that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Tuesday, September 17th. Amphenol's dividend payout ratio (DPR) is presently 40.49%.

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.

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