Ethic Inc. Purchases 9,921 Shares of Amphenol Corporation $APH

Key Points

• Ethic Inc. increased its position in Amphenol Corporation by 10.2%, owning 106,962 shares worth approximately $7.07 million after acquiring an additional 9,921 shares.
• Insider transactions included VP Michael R. Ivas selling 40,000 shares for about $3.55 million, while another insider, Luc Walter, sold 286,000 shares for approximately $26.15 million.
• Amphenol reported earnings of $0.81 per share in its latest quarter, beating estimates and showing 56.5% revenue growth year-over-year, with a projected EPS of 2.36 for the current fiscal year.

Ethic Inc. boosted its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,962 shares of the electronics maker's stock after buying an additional 9,921 shares during the period. Ethic Inc.'s holdings in Amphenol were worth $7,067,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Aberdeen Group plc raised its holdings in Amphenol by 126.0% during the first quarter. Aberdeen Group plc now owns 941,863 shares of the electronics maker's stock worth $61,471,000 after buying an additional 525,200 shares during the last quarter. Liontrust Investment Partners LLP raised its holdings in Amphenol by 24.3% during the first quarter. Liontrust Investment Partners LLP now owns 563,382 shares of the electronics maker's stock worth $36,952,000 after buying an additional 110,301 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Amphenol by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 3,697,489 shares of the electronics maker's stock worth $242,509,000 after buying an additional 72,280 shares during the last quarter. Sei Investments Co. raised its holdings in Amphenol by 0.8% during the first quarter. Sei Investments Co. now owns 901,607 shares of the electronics maker's stock worth $60,512,000 after buying an additional 7,509 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its holdings in Amphenol by 187.6% during the first quarter. Vestmark Advisory Solutions Inc. now owns 18,686 shares of the electronics maker's stock worth $1,226,000 after buying an additional 12,189 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Performance

APH traded up $1.92 during trading on Monday, hitting $111.13. 6,808,435 shares of the company traded hands, 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 price-to-earnings-growth ratio of 1.75 and a beta of 1.13. The stock's fifty day moving average is $101.26 and its 200 day moving average is $82.65. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a one year low of $56.45 and a one year high of $112.35.

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

Amphenol Announces Dividend

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 yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is currently 26.29%.

Wall Street Analyst Weigh In

Several research firms have weighed in on APH. Citigroup upped their price objective on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. UBS Group increased their target price on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. TD Securities increased their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Evercore ISI increased their target price on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, Truist Financial increased their target price on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $104.92.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 286,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the transaction, the insider owned 451,790 shares in the company, valued at $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William J. Doherty sold 160,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Insiders have sold 812,000 shares of company stock worth $77,703,320 over the last ninety days. Company insiders own 1.67% of the company's stock.

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.