Blair William & Co. IL Sells 42,844 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• Blair William & Co. IL reduced its stake in Amphenol Corporation by 1.4%, selling 42,844 shares and retaining approximately 3,027,350 shares valued at $198.6 million.
• Amphenol recently reported a quarterly earnings per share (EPS) of $0.81, exceeding analysts' estimates of $0.66, with revenues of $5.65 billion, up 56.5% year-over-year.
• The company declared a quarterly dividend of $0.165 per share, resulting in an annualized yield of 0.6%, with a payout ratio of 26.29%.

Blair William & Co. IL cut its position in Amphenol Corporation (NYSE:APH - Free Report) by 1.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,027,350 shares of the electronics maker's stock after selling 42,844 shares during the quarter. Blair William & Co. IL owned approximately 0.25% of Amphenol worth $198,564,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in APH. Hughes Financial Services LLC acquired a new position in shares of Amphenol during the 1st quarter worth approximately $25,000. Avalon Trust Co raised its stake in shares of Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after buying an additional 232 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Amphenol in the 1st quarter valued at $28,000. Global X Japan Co. Ltd. acquired a new position in Amphenol in the 1st quarter valued at $44,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Amphenol in the 4th quarter valued at $48,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

NYSE APH opened at $104.29 on Friday. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $108.85. The stock has a market cap of $127.33 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. The business has a fifty day moving average of $96.99 and a 200-day moving average of $79.68. 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 (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The business's revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. As a group, analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared 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 of this dividend is Tuesday, September 16th. Amphenol's payout ratio is 26.29%.

Insider Transactions at Amphenol

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the business's 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president directly owned 152,412 shares of the company's stock, valued at approximately $13,532,661.48. This trade represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 586,000 shares of company stock worth $52,935,980 in the last three months. 1.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. KGI Securities began coverage on Amphenol in a report on Thursday, June 26th. They issued a "hold" rating for the company. Evercore ISI upped their target price on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Wall Street Zen upgraded Amphenol from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Truist Financial upped their target price on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $102.23.

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.

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