Fiduciary Family Office LLC Makes New Investment in Amphenol Corporation (NYSE:APH)

Key Points

• Fiduciary Family Office LLC has acquired a new position in Amphenol Corporation, purchasing 13,108 shares valued at approximately $860,000.
• Amphenol reported a strong quarterly earnings performance, with earnings per share of $0.81 and revenue of $5.65 billion, surpassing analysts' expectations.
• The company recently declared a quarterly dividend of $0.165 per share, payable on October 8th, with an annual dividend yield of 0.6%.

Fiduciary Family Office LLC purchased a new position in shares of Amphenol Corporation (NYSE:APH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,108 shares of the electronics maker's stock, valued at approximately $860,000.

A number of other large investors also recently added to or reduced their stakes in APH. Vanguard Group Inc. grew its holdings in shares of Amphenol by 1.9% during the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after purchasing an additional 2,870,933 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after acquiring an additional 15,837,407 shares during the period. Bank of America Corp DE boosted its holdings in shares of Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after purchasing an additional 18,619,417 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Amphenol by 14.9% during the 4th quarter. Northern Trust Corp now owns 13,065,802 shares of the electronics maker's stock valued at $907,420,000 after acquiring an additional 1,689,632 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Amphenol by 40.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,732,690 shares of the electronics maker's stock worth $507,187,000 after buying an additional 2,211,338 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Price Performance

APH stock traded down $0.15 during trading on Monday, hitting $109.83. 4,858,996 shares of the stock traded hands, compared to its average volume of 9,268,698. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The stock has a market cap of $134.09 billion, a price-to-earnings ratio of 43.76, a P/E/G ratio of 1.79 and a beta of 1.13. Amphenol Corporation has a one year low of $56.45 and a one year high of $111.00. The company has a 50 day simple moving average of $99.46 and a 200 day simple moving average of $81.21.

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

Amphenol Announces Dividend

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

Insider Buying and Selling at Amphenol

In other news, VP David M. Silverman sold 100,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.09, for a total value of $8,909,000.00. Following the transaction, the vice president directly owned 12,500 shares of the company's stock, valued at $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Doherty sold 160,000 shares of the stock in a transaction dated Friday, May 30th. The shares were 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. In the last three months, insiders sold 586,000 shares of company stock worth $52,935,980. Company insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

APH has been the subject of several research analyst reports. Truist Financial boosted their target price on shares of Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research note on Thursday, April 24th. Evercore ISI upped their price target on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. The Goldman Sachs Group reiterated a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Finally, Robert W. Baird raised their target price on shares of Amphenol from $113.00 to $118.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $104.92.

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.