SYSTM Wealth Solutions LLC Sells 4,666 Shares of Amphenol Co. (NYSE:APH)

SYSTM Wealth Solutions LLC lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 19.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,639 shares of the electronics maker’s stock after selling 4,666 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Amphenol were worth $1,324,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of APH. E Fund Management Co. Ltd. lifted its position in Amphenol by 307.7% in the 2nd quarter. E Fund Management Co. Ltd. now owns 28,932 shares of the electronics maker’s stock worth $1,949,000 after buying an additional 21,835 shares during the last quarter. Wealth Alliance lifted its position in Amphenol by 98.4% in the 2nd quarter. Wealth Alliance now owns 5,196 shares of the electronics maker’s stock worth $350,000 after buying an additional 2,577 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in Amphenol by 98.0% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 1,012,702 shares of the electronics maker’s stock worth $68,226,000 after buying an additional 501,126 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in Amphenol by 126.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 195,859 shares of the electronics maker’s stock worth $13,195,000 after buying an additional 109,334 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in Amphenol by 139.4% in the 2nd quarter. Axxcess Wealth Management LLC now owns 33,508 shares of the electronics maker’s stock worth $2,257,000 after buying an additional 19,511 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of APH stock opened at $63.99 on Wednesday. The stock has a market cap of $76.87 billion, a price-to-earnings ratio of 39.26, a PEG ratio of 2.45 and a beta of 1.24. The business’s fifty day moving average is $64.43 and its 200 day moving average is $62.88. Amphenol Co. has a twelve month low of $39.34 and a twelve month 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 earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. Research analysts expect that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Tuesday, September 17th. Amphenol’s payout ratio is currently 40.49%.

Analyst Ratings Changes

A number of analysts recently weighed in on APH shares. TD Cowen boosted their target price on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research report on Thursday, June 6th. Truist Financial boosted their price objective on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Bank of America downgraded Amphenol from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $80.00 to $71.00 in a research report on Wednesday, September 4th. Finally, Vertical Research started coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.04.

Insider Activity

In other news, insider Luc Walter sold 106,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amphenol news, insider Luc Walter sold 106,000 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.19, for a total value of $6,804,140.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 300,000 shares of the stock in a transaction dated 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 have sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

About Amphenol

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.