Amphenol Corporation $APH Position Lifted by Brady Family Wealth LLC

Brady Family Wealth LLC raised its stake in shares of Amphenol Corporation (NYSE:APH) by 121.7% during the third quarter, Holdings Channel reports. The firm owned 54,344 shares of the electronics maker’s stock after buying an additional 29,830 shares during the period. Amphenol comprises 1.4% of Brady Family Wealth LLC’s holdings, making the stock its 27th biggest holding. Brady Family Wealth LLC’s holdings in Amphenol were worth $4,581,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of APH. Corient Private Wealth LP lifted its position in shares of Amphenol by 3,010.0% during the 2nd quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker’s stock worth $2,898,248,000 after buying an additional 15,908,901 shares during the period. State Street Corp boosted its stake in Amphenol by 24.2% in the 2nd quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock valued at $12,107,146,000 after buying an additional 13,884,641 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Amphenol in the 2nd quarter valued at $1,600,531,000. Sumitomo Mitsui Trust Group Inc. grew its position in Amphenol by 90.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,900,956 shares of the electronics maker’s stock valued at $666,051,000 after acquiring an additional 3,761,224 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich grew its position in Amphenol by 101.6% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,720,515 shares of the electronics maker’s stock valued at $313,497,000 after acquiring an additional 1,874,988 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

NYSE:APH opened at $71.73 on Friday. The stock has a market capitalization of $177.13 billion, a P/E ratio of 31.19, a price-to-earnings-growth ratio of 0.94 and a beta of 1.27. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.99. Amphenol Corporation has a 1 year low of $59.01 and a 1 year high of $89.93. The firm has a 50 day moving average of $81.42 and a 200-day moving average of $75.54.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The business had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the company earned $0.93 EPS. Amphenol’s revenue for the quarter was up 65.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Amphenol Corporation will post 2.84 EPS for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be paid a $0.15 dividend. This is a decrease from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 22nd. Amphenol’s payout ratio is presently 21.74%.

Amphenol announced that its Board of Directors has approved a share repurchase program on Wednesday, October 28th that authorizes the company to buy back $4 billion in outstanding shares. This buyback authorization authorizes the electronics maker to buy up to 2% of its stock through open market purchases. Share buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

APH has been the subject of a number of analyst reports. Bank of America lifted their price objective on Amphenol from $99.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, October 13th. The Goldman Sachs Group restated a “buy” rating and issued a $116.00 target price (up from $102.00) on shares of Amphenol in a research note on Tuesday, October 6th. Royal Bank Of Canada set a $100.00 target price on shares of Amphenol in a report on Monday, October 26th. BNP Paribas Exane increased their target price on shares of Amphenol from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Finally, Robert W. Baird dropped their target price on shares of Amphenol from $190.00 to $105.00 and set an “outperform” rating for the company in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $108.32.

Insider Activity at Amphenol

In other news, CEO Richard Norwitt sold 799,576 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the sale, the chief executive officer owned 3,855,014 shares in the company, valued at approximately $317,961,554.72. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.42% of the company’s stock.

Amphenol Profile

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.