Davis R M Inc. Acquires 6,930 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• Davis R M Inc. increased its holdings in Amphenol Corporation by 0.5%, acquiring an additional 6,930 shares, bringing its total ownership to approximately $96.7 million.
• Several large investors, including Forum Financial Management and Gallacher Capital Management, have recently enhanced their stakes in Amphenol, indicating strong institutional interest in the company.
• Analysts have raised their price targets for Amphenol, with firms like Truist Financial increasing their target from $102 to $126, and most analysts currently rate the stock as a "Moderate Buy."

Davis R M Inc. increased its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,474,291 shares of the electronics maker's stock after buying an additional 6,930 shares during the period. Amphenol accounts for 1.9% of Davis R M Inc.'s investment portfolio, making the stock its 14th biggest position. Davis R M Inc. owned approximately 0.12% of Amphenol worth $96,699,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hughes Financial Services LLC purchased a new stake in shares of Amphenol during the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Amphenol during the 1st quarter valued at $28,000. Global X Japan Co. Ltd. purchased a new stake in shares of Amphenol during the 1st quarter valued at $44,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Amphenol during the 4th quarter valued at $48,000. Finally, Meeder Asset Management Inc. raised its position in shares of Amphenol by 30.5% during the 1st quarter. Meeder Asset Management Inc. now owns 856 shares of the electronics maker's stock valued at $56,000 after buying an additional 200 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Robert W. Baird boosted their price objective on shares of Amphenol from $113.00 to $118.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. KGI Securities began coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating on the stock. Finally, Citigroup lifted their target price on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.23.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. This represents a 20.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Luc Walter sold 286,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 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 disclosure for this sale can be found here. Insiders sold a total of 586,000 shares of company stock valued at $52,935,980 in the last ninety days. Corporate insiders own 1.67% of the company's stock.

Amphenol Stock Down 2.1%

Amphenol stock traded down $2.22 during trading hours on Friday, hitting $104.29. The stock had a trading volume of 8,736,054 shares, compared to its average volume of 8,870,272. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The stock's 50-day moving average price is $96.99 and its 200-day moving average price is $79.62. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $108.85. The stock has a market capitalization of $127.33 billion, a P/E ratio of 41.55, a price-to-earnings-growth ratio of 1.78 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The business had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. During the same period in the prior year, the company earned $0.44 earnings per share. The firm's revenue was up 56.5% on a year-over-year basis. Equities research analysts anticipate 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 issued 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 dividend payout ratio is currently 26.29%.

Amphenol Company 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.