Amphenol Co. (NYSE:APH) Shares Bought by CVA Family Office LLC

CVA Family Office LLC raised its stake in Amphenol Co. (NYSE:APHGet Rating) by 14.2% in the second quarter, HoldingsChannel.com reports. The fund owned 1,570 shares of the electronics maker’s stock after purchasing an additional 195 shares during the quarter. CVA Family Office LLC’s holdings in Amphenol were worth $101,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Ardevora Asset Management LLP raised its holdings in shares of Amphenol by 0.5% in the second quarter. Ardevora Asset Management LLP now owns 857,849 shares of the electronics maker’s stock worth $55,228,000 after acquiring an additional 4,500 shares during the last quarter. Thrive Wealth Management LLC raised its holdings in shares of Amphenol by 4.5% in the second quarter. Thrive Wealth Management LLC now owns 7,256 shares of the electronics maker’s stock worth $467,000 after acquiring an additional 315 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Amphenol by 13.8% in the second quarter. State of Alaska Department of Revenue now owns 95,922 shares of the electronics maker’s stock worth $6,174,000 after acquiring an additional 11,650 shares during the last quarter. Redpoint Investment Management Pty Ltd increased its stake in Amphenol by 3.9% in the second quarter. Redpoint Investment Management Pty Ltd now owns 11,349 shares of the electronics maker’s stock valued at $731,000 after purchasing an additional 425 shares during the last quarter. Finally, DnB Asset Management AS increased its stake in Amphenol by 9.1% in the second quarter. DnB Asset Management AS now owns 1,051,001 shares of the electronics maker’s stock valued at $67,663,000 after purchasing an additional 87,875 shares during the last quarter. 93.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on APH shares. JPMorgan Chase & Co. upgraded Amphenol from a “neutral” rating to an “overweight” rating and set a $83.00 target price for the company in a research note on Thursday, July 14th. Cowen dropped their target price on Amphenol from $80.00 to $73.00 and set a “market perform” rating for the company in a research note on Friday, July 1st. The Goldman Sachs Group dropped their target price on Amphenol from $87.00 to $83.00 in a research note on Wednesday, June 1st. StockNews.com upgraded Amphenol from a “hold” rating to a “buy” rating in a research note on Friday. Finally, UBS Group upped their target price on Amphenol from $88.00 to $93.00 and gave the company a “buy” rating in a research note on Tuesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.90.

Insider Transactions at Amphenol

In other news, VP Lance E. D’amico sold 20,000 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $76.93, for a total value of $1,538,600.00. Following the completion of the sale, the vice president now owns 25,700 shares of the company’s stock, valued at $1,977,101. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Lance E. D’amico sold 20,000 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $76.93, for a total value of $1,538,600.00. Following the completion of the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at $1,977,101. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean-Luc Gavelle sold 122,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $77.44, for a total value of $9,447,680.00. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE:APH opened at $73.17 on Tuesday. The firm has a market capitalization of $43.52 billion, a PE ratio of 25.58, a P/E/G ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.45 and a quick ratio of 1.65. The business has a 50-day moving average of $74.02 and a two-hundred day moving average of $71.69. Amphenol Co. has a 12 month low of $61.67 and a 12 month high of $88.45.

Amphenol (NYSE:APHGet Rating) last issued its earnings results on Wednesday, July 27th. The electronics maker reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. Amphenol had a return on equity of 27.28% and a net margin of 15.00%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s revenue was up 18.2% compared to the same quarter last year. As a group, research analysts forecast that Amphenol Co. will post 2.94 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Tuesday, September 20th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Monday, September 19th. Amphenol’s payout ratio is 27.97%.

Amphenol Company Profile

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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.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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