Aberdeen Group plc Boosts Stock Holdings in Amphenol Corporation $APH

Key Points

• Aberdeen Group plc increased its stake in Amphenol Corporation by 126% in the first quarter, owning approximately 941,863 shares valued at about $61.47 million.
• Amphenol reported an EPS of $0.81 for the last quarter, exceeding analyst expectations, with a revenue of $5.65 billion, up 56.5% year-over-year.
• Insiders at Amphenol sold 812,000 shares in the last 90 days, indicating a significant decline in their own stakes.

Aberdeen Group plc raised its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 126.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 941,863 shares of the electronics maker's stock after buying an additional 525,200 shares during the quarter. Aberdeen Group plc owned about 0.08% of Amphenol worth $61,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Hughes Financial Services LLC bought a new stake in shares of Amphenol during the first quarter worth $25,000. Avalon Trust Co lifted its holdings in Amphenol by 133.3% in the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 232 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Amphenol during the 1st quarter worth approximately $28,000. SouthState Corp purchased a new stake in shares of Amphenol during the first quarter worth approximately $36,000. Finally, Global X Japan Co. Ltd. purchased a new stake in Amphenol in the 1st quarter valued at $44,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the sale, the insider owned 451,790 shares of the company's stock, valued at approximately $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the completion of the transaction, the vice president directly owned 12,500 shares in the company, valued at $1,113,625. The trade was a 88.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 812,000 shares of company stock worth $77,703,320. 1.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on APH. Citigroup increased their target price on Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. TD Securities lifted their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Truist Financial lifted their price objective on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen cut Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $104.92.

Amphenol Trading Up 1.8%

Shares of APH stock traded up $1.92 on Monday, hitting $111.13. The stock had a trading volume of 6,808,435 shares, compared to its average volume of 9,359,343. The firm has a market cap of $135.68 billion, a P/E ratio of 44.28, a PEG ratio of 1.75 and a beta of 1.13. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $112.35. The company has a fifty day moving average price of $101.26 and a two-hundred day moving average price of $82.65.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The company's quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. As a group, analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio is presently 26.29%.

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.