Vanguard Personalized Indexing Management LLC Purchases 83,192 Shares of Amphenol Co. (NYSE:APH)

Vanguard Personalized Indexing Management LLC grew its stake in Amphenol Co. (NYSE:APH) by 135.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,648 shares of the electronics maker’s stock after buying an additional 83,192 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Amphenol were worth $9,612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new position in shares of Amphenol in the fourth quarter valued at approximately $29,000. Beacon Capital Management LLC boosted its holdings in shares of Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares during the period. New England Capital Financial Advisors LLC boosted its holdings in shares of Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 188 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol in the second quarter valued at approximately $29,000. Finally, Sachetta LLC boosted its holdings in Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 249 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

NYSE:APH opened at $63.99 on Wednesday. Amphenol Co. has a 52 week low of $39.34 and a 52 week high of $70.84. The firm has a market cap of $76.87 billion, a price-to-earnings ratio of 39.26, a P/E/G ratio of 2.45 and a beta of 1.24. The firm’s 50-day simple moving average is $64.43 and its 200 day simple moving average is $62.88. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02.

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

Amphenol Cuts Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.03%. Amphenol’s payout ratio is currently 40.49%.

Insider Activity

In other news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William J. Doherty sold 300,000 shares of Amphenol 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 disclosure for this sale can be found here. In the last three months, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on APH. TD Cowen increased their target price on shares of Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a report on Thursday, June 6th. Vertical Research initiated coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Truist Financial increased their price target 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. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Finally, Citigroup increased their price target 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. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.04.

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.