Bell Investment Advisors Inc Increases Stock Holdings in Amphenol Co. (NYSE:APH)

Bell Investment Advisors Inc increased its holdings in Amphenol Co. (NYSE:APH) by 83.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 462 shares of the electronics maker’s stock after acquiring an additional 210 shares during the quarter. Bell Investment Advisors Inc’s holdings in Amphenol were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Principal Securities Inc. purchased a new stake in Amphenol in the fourth quarter worth $263,000. Avantax Advisory Services Inc. lifted its position in Amphenol by 3.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 26,930 shares of the electronics maker’s stock valued at $2,670,000 after buying an additional 899 shares during the period. Quotient Wealth Partners LLC purchased a new position in Amphenol during the fourth quarter valued at $482,000. Janney Montgomery Scott LLC lifted its position in Amphenol by 6.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 150,596 shares of the electronics maker’s stock valued at $14,929,000 after buying an additional 8,575 shares during the period. Finally, Fiera Capital Corp lifted its position in Amphenol by 4.7% during the fourth quarter. Fiera Capital Corp now owns 468,773 shares of the electronics maker’s stock valued at $46,469,000 after buying an additional 20,848 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the subject of several recent research reports. TD Cowen raised their price objective on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research report on Thursday, June 6th. Robert W. Baird lowered their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Vertical Research assumed coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Citigroup lifted their price target on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Seaport Res Ptn raised Amphenol to a “strong-buy” rating in a research report on Monday, May 20th. 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 stock. According to data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Trading Up 2.1 %

Amphenol stock opened at $62.04 on Thursday. The business has a 50-day simple moving average of $64.79 and a two-hundred day simple moving average of $62.57. The company has a market cap of $74.71 billion, a P/E ratio of 37.95, a P/E/G ratio of 2.36 and a beta of 1.24. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84. 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) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. Analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.06%. Amphenol’s dividend payout ratio is currently 26.91%.

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

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.