PFG Advisors Boosts Stock Holdings in Amphenol Co. (NYSE:APH)

PFG Advisors grew its position in shares of Amphenol Co. (NYSE:APH) by 90.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,424 shares of the electronics maker’s stock after purchasing an additional 20,606 shares during the quarter. PFG Advisors’ holdings in Amphenol were worth $2,925,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in APH. Bank of New York Mellon Corp grew its stake in Amphenol by 92.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after acquiring an additional 17,552,921 shares during the period. Norges Bank acquired a new stake in Amphenol in the 4th quarter valued at $1,078,167,000. Price T Rowe Associates Inc. MD grew its stake in Amphenol by 39.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock valued at $2,899,059,000 after acquiring an additional 8,340,759 shares during the period. Mawer Investment Management Ltd. grew its stake in Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock valued at $1,041,204,000 after acquiring an additional 7,275,279 shares during the period. Finally, National Bank of Canada FI grew its stake in Amphenol by 263.0% in the 2nd quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker’s stock valued at $240,935,000 after acquiring an additional 2,585,282 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In related news, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,323,010. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amphenol news, insider Luc Walter sold 106,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the sale, the insider now directly owns 447,790 shares in the company, valued at $28,743,640.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of the business’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 sale, 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. In the last ninety days, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on APH shares. Robert W. Baird dropped their price target on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Evercore ISI reissued an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Citigroup lifted their target price on shares of Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, UBS Group lifted their target price on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. 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. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Trading Up 2.2 %

Shares of APH stock opened at $63.45 on Friday. The company’s 50-day moving average price is $64.70 and its 200-day moving average price is $62.57. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The stock has a market cap of $76.22 billion, a price-to-earnings ratio of 38.93, a PEG ratio of 2.36 and a beta of 1.24. Amphenol Co. has a twelve month low of $39.34 and a twelve month high of $70.84.

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

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.04%. Amphenol’s dividend payout ratio (DPR) is currently 40.49%.

Amphenol 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.