Amphenol Corporation $APH Stake Raised by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC boosted its holdings in shares of Amphenol Corporation (NYSE:APH) by 161.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,058 shares of the electronics maker’s stock after purchasing an additional 8,676 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Amphenol were worth $1,185,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of APH. Pacific Excel Wealth Advisors Inc. acquired a new stake in shares of Amphenol during the 2nd quarter valued at $1,927,000. Evelyn Partners Investment Management Services Ltd grew its position in Amphenol by 132.7% during the 1st quarter. Evelyn Partners Investment Management Services Ltd now owns 45,599 shares of the electronics maker’s stock worth $5,761,000 after acquiring an additional 26,000 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in Amphenol by 111.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 29,268 shares of the electronics maker’s stock worth $2,168,000 after acquiring an additional 15,394 shares during the last quarter. Allen Capital Group LLC increased its holdings in Amphenol by 1,118.7% in the 1st quarter. Allen Capital Group LLC now owns 39,681 shares of the electronics maker’s stock worth $5,014,000 after purchasing an additional 36,425 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Amphenol in the 1st quarter worth about $5,637,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In other Amphenol news, CEO Richard Norwitt sold 799,576 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the completion of the sale, the chief executive officer owned 3,855,014 shares of the company’s stock, valued at approximately $317,961,554.72. This represents a 17.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is owned by insiders.

Amphenol Stock Up 0.1%

Shares of APH opened at $74.67 on Monday. The company has a market capitalization of $184.39 billion, a PE ratio of 32.47, a PEG ratio of 0.89 and a beta of 1.27. Amphenol Corporation has a 12 month low of $59.01 and a 12 month high of $89.93. The stock’s 50-day moving average price is $81.29 and its two-hundred day moving average price is $75.53. 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 (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. The company had revenue of $10.23 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The business’s quarterly revenue was up 65.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. On average, analysts anticipate that Amphenol Corporation will post 2.84 EPS for the current year.

Amphenol declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 28th that allows the company to buy back $4 billion in shares. This repurchase authorization allows the electronics maker to repurchase up to 2% of its stock through open market purchases. Share repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Amphenol Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Tuesday, December 22nd will be issued a $0.15 dividend. The ex-dividend date is Tuesday, December 22nd. This is a drop from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 annualized dividend and a yield of 0.8%. Amphenol’s dividend payout ratio (DPR) is currently 21.74%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $116.00 target price (up from $102.00) on shares of Amphenol in a research report on Tuesday, October 6th. Royal Bank Of Canada set a $100.00 price target on Amphenol in a report on Monday, October 26th. Wolfe Research assumed coverage on Amphenol in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $105.00 price objective for the company. TD Cowen lowered their price objective on Amphenol from $175.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, September 9th. Finally, Zacks Research upgraded shares of Amphenol from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $108.32.

About Amphenol

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.