Amphenol Corporation $APH Stock Position Lifted by Brighton Jones LLC

Brighton Jones LLC boosted its position in shares of Amphenol Corporation (NYSE:APH) by 91.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 51,157 shares of the electronics maker’s stock after purchasing an additional 24,405 shares during the quarter. Brighton Jones LLC’s holdings in Amphenol were worth $4,313,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of APH. Purus Wealth Management LLC grew its holdings in Amphenol by 3.7% during the 2nd quarter. Purus Wealth Management LLC now owns 1,801 shares of the electronics maker’s stock worth $318,000 after acquiring an additional 65 shares during the period. Cornerstone Financial Management LLC raised its position in shares of Amphenol by 27.2% during the 2nd quarter. Cornerstone Financial Management LLC now owns 304 shares of the electronics maker’s stock valued at $54,000 after acquiring an additional 65 shares during the last quarter. Ferguson Wellman Capital Management Inc. lifted its stake in shares of Amphenol by 3.8% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 1,980 shares of the electronics maker’s stock valued at $250,000 after purchasing an additional 72 shares during the period. Guardian Wealth Advisors LLC NC lifted its stake in shares of Amphenol by 0.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 14,211 shares of the electronics maker’s stock valued at $2,506,000 after purchasing an additional 72 shares during the period. Finally, Knuff & Co LLC boosted its position in shares of Amphenol by 1.3% in the 2nd quarter. Knuff & Co LLC now owns 5,675 shares of the electronics maker’s stock worth $1,001,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

APH stock opened at $74.67 on Monday. Amphenol Corporation has a 1-year low of $59.01 and a 1-year high of $89.93. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.99. The firm has a market cap of $184.39 billion, a PE ratio of 32.47, a P/E/G ratio of 0.89 and a beta of 1.27. The business’s 50-day moving average price is $81.29 and its two-hundred day moving average price is $75.53.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The company’s revenue for the quarter was up 65.1% compared to the same quarter last year. As a group, research analysts forecast that Amphenol Corporation will post 2.84 earnings per share for the current year.

Amphenol declared that its Board of Directors has authorized a share buyback plan on Wednesday, October 28th that authorizes the company to buy back $4 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to reacquire up to 2% of its shares through open market purchases. Share repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Amphenol Cuts Dividend

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

Insider Activity

In related 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the subject of a number of analyst reports. Evercore set a $100.00 price objective on Amphenol in a research note on Wednesday, October 28th. Zacks Research upgraded Amphenol from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Rothschild & Co Redburn cut their target price on Amphenol from $197.00 to $107.00 in a research note on Friday, October 30th. Barclays raised their target price on Amphenol from $100.00 to $111.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Finally, Wall Street Zen upgraded Amphenol from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $108.32.

Amphenol 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.