Amphenol Corporation $APH Stock Bought by United Advisor Group LLC

United Advisor Group LLC grew its holdings in shares of Amphenol Corporation (NYSE:APH) by 199.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,788 shares of the electronics maker’s stock after acquiring an additional 9,191 shares during the period. United Advisor Group LLC’s holdings in Amphenol were worth $1,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of APH. State Street Corp boosted its holdings in Amphenol by 24.2% in the second quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock valued at $12,107,146,000 after purchasing an additional 13,884,641 shares during the last quarter. Wellington Management Group LLP grew its stake in Amphenol by 10.5% during the 2nd quarter. Wellington Management Group LLP now owns 16,579,919 shares of the electronics maker’s stock valued at $2,923,371,000 after purchasing an additional 1,578,248 shares in the last quarter. Corient Private Wealth LP grew its stake in 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 valued at $2,898,248,000 after purchasing an additional 15,908,901 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Amphenol by 4.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,703,604 shares of the electronics maker’s stock worth $1,710,939,000 after purchasing an additional 416,388 shares during the last quarter. Finally, Jupiter Topco LLC purchased a new stake in Amphenol during the 2nd quarter worth approximately $1,600,531,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Up 4.2%

NYSE:APH opened at $74.67 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.42 and a current ratio of 1.94. The company has a market capitalization of $184.39 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 0.89 and a beta of 1.27. Amphenol Corporation has a one year low of $59.01 and a one year high of $89.93. The stock has a 50-day simple moving average of $81.29 and a 200 day simple moving average of $75.53.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The firm had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Amphenol’s revenue for the quarter was up 65.1% compared to the same quarter last year. Sell-side analysts predict that Amphenol Corporation will post 2.84 EPS for the current fiscal year.

Amphenol declared that its board has approved a share repurchase program on Wednesday, October 28th that allows the company to repurchase $4 billion in outstanding shares. This repurchase authorization allows the electronics maker to buy up to 2% of its shares through open market purchases. Share repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders of record on Tuesday, December 22nd will be issued a $0.15 dividend. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, December 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. Amphenol’s dividend payout ratio (DPR) is presently 26.09%.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Norwitt sold 799,576 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $82.48, for a total value of $65,949,028.48. Following the completion of the sale, the chief executive officer directly owned 3,855,014 shares in the company, valued at approximately $317,961,554.72. The trade was a 17.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on APH. BNP Paribas Exane upped their target price on Amphenol from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, October 29th. Wolfe Research assumed coverage on shares of Amphenol in a research report on Wednesday, September 30th. They set an “outperform” rating and a $105.00 price target for the company. Sanford C. Bernstein restated an “outperform” rating and issued a $102.00 price target on shares of Amphenol in a research note on Monday, November 2nd. Wall Street Zen raised shares of Amphenol from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $116.00 price target (up from $102.00) on shares of Amphenol in a report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $108.32.

Amphenol Company Profile

Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, antennas and sensor products. Its offerings also include cable assemblies and related components used to transmit signals and power in electronic equipment and systems.

The company serves customers in a range of markets, including communications and information technology, automotive, aerospace and defense, industrial, mobile devices and data networks. Its products are used in applications such as vehicles, communications infrastructure, commercial aircraft and industrial equipment.

Founded in 1932, Amphenol has grown into a global manufacturer serving customers across the Americas, Europe and Asia.