Mercer Global Advisors Inc. ADV Boosts Stake in Amphenol Co. (NYSE:APH)

Mercer Global Advisors Inc. ADV raised its position in Amphenol Co. (NYSE:APH) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 235,776 shares of the electronics maker’s stock after purchasing an additional 8,361 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Amphenol were worth $16,129,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Endurance Wealth Management Inc. purchased a new position in shares of Amphenol during the first quarter worth approximately $25,000. Prestige Wealth Management Group LLC increased its position in shares of Amphenol by 100.0% during the first quarter. Prestige Wealth Management Group LLC now owns 408 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 204 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Amphenol by 67.2% during the first quarter. Loomis Sayles & Co. L P now owns 423 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 170 shares during the period. Atlas Private Wealth Management increased its position in shares of Amphenol by 100.0% during the first quarter. Atlas Private Wealth Management now owns 428 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 214 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Amphenol by 112.4% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 478 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 253 shares during the period. 94.95% of the stock is currently owned by institutional investors.

Shares of APH opened at $75.73 on Wednesday. The company has a market cap of $45.30 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 2.51 and a beta of 1.25. Amphenol Co. has a twelve month low of $50.85 and a twelve month high of $77.25. The company has a quick ratio of 1.58, a current ratio of 2.17 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average of $73.21 and a two-hundred day moving average of $69.88.

Amphenol (NYSE:APH) last announced its earnings results on Tuesday, July 27th. The electronics maker reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.47 billion. Amphenol had a net margin of 14.35% and a return on equity of 25.50%. On average, sell-side analysts expect that Amphenol Co. will post 2.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 13th. Shareholders of record on Tuesday, September 21st will be issued a $0.145 dividend. The ex-dividend date is Monday, September 20th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.77%. Amphenol’s dividend payout ratio is currently 31.02%.

In related news, VP Martin Booker sold 140,000 shares of the firm’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $76.29, for a total transaction of $10,680,600.00. Following the completion of the transaction, the vice president now owns 140,000 shares of the company’s stock, valued at $10,680,600. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lance E. D’amico sold 27,500 shares of the firm’s stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $76.25, for a total transaction of $2,096,875.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 462,900 shares of company stock valued at $34,706,495. Corporate insiders own 2.50% of the company’s stock.

A number of brokerages have recently commented on APH. Evercore ISI reaffirmed a “buy” rating and set a $77.00 target price on shares of Amphenol in a research report on Tuesday, June 8th. Royal Bank of Canada increased their price objective on shares of Amphenol from $73.00 to $76.00 and gave the company a “sector perform” rating in a research note on Thursday, July 29th. Cowen increased their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, August 3rd. Morgan Stanley increased their price objective on shares of Amphenol from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, July 29th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Amphenol in a research note on Sunday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Amphenol presently has a consensus rating of “Buy” and a consensus target price of $72.61.

Amphenol Profile

Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors interconnect systems, antennas, sensors and sensor-based products, and coaxial and high-speed specialty cable. It operates through the Interconnect Products and Assemblies; and Cables Products and Solutions segments.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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