Port Capital LLC Has $89.43 Million Holdings in Amphenol Co. (NYSE:APH)

Port Capital LLC increased its stake in Amphenol Co. (NYSE:APH) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,372,480 shares of the electronics maker’s stock after purchasing an additional 4,373 shares during the quarter. Amphenol makes up approximately 4.0% of Port Capital LLC’s portfolio, making the stock its 4th biggest holding. Port Capital LLC’s holdings in Amphenol were worth $89,431,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of APH. Beacon Capital Management LLC increased its position in shares of Amphenol by 121.2% during 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 increased 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 worth $25,000 after purchasing an additional 188 shares during the period. Sachetta LLC boosted its stake in Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after buying an additional 249 shares during the period. Trifecta Capital Advisors LLC increased its stake in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 338 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in Amphenol during the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on APH. TD Cowen raised their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI boosted their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America lifted their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Truist Financial increased their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird upped their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Stock Performance

NYSE:APH opened at $73.13 on Wednesday. The stock has a 50-day simple moving average of $68.80 and a two-hundred day simple moving average of $66.81. The firm has a market capitalization of $88.17 billion, a PE ratio of 42.03, a P/E/G ratio of 2.43 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a 52-week low of $45.47 and a 52-week high of $74.93.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the prior year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. Analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. Amphenol’s payout ratio is 37.93%.

Insider Activity at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $963,760. This trade represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by company insiders.

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.