Advance Capital Management Inc. Takes $277,000 Position in Amphenol Co. (NYSE:APH)

Advance Capital Management Inc. bought a new position in shares of Amphenol Co. (NYSE:APH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,264 shares of the electronics maker’s stock, valued at approximately $277,000.

Several other large investors have also added to or reduced their stakes in APH. Vontobel Holding Ltd. grew its stake in Amphenol by 8.2% during the first quarter. Vontobel Holding Ltd. now owns 13,325 shares of the electronics maker’s stock worth $1,022,000 after purchasing an additional 1,006 shares during the period. Sei Investments Co. grew its stake in Amphenol by 4.0% during the first quarter. Sei Investments Co. now owns 168,360 shares of the electronics maker’s stock worth $12,716,000 after purchasing an additional 6,405 shares during the period. Canada Pension Plan Investment Board grew its stake in Amphenol by 56.7% in the first quarter. Canada Pension Plan Investment Board now owns 264,188 shares of the electronics maker’s stock valued at $19,906,000 after acquiring an additional 95,613 shares during the period. Prudential PLC acquired a new stake in Amphenol in the first quarter valued at approximately $857,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Amphenol in the first quarter valued at approximately $245,000. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 300,000 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $88.11, for a total value of $26,433,000.00. Following the sale, the chief financial officer now directly owns 87,045 shares in the company, valued at $7,669,534.95. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Lance E. D’amico sold 75,000 shares of Amphenol stock in a transaction on Friday, July 28th. The stock was sold at an average price of $88.71, for a total value of $6,653,250.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares in the company, valued at $2,279,847. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction on Friday, July 28th. The shares were sold at an average price of $88.11, for a total value of $26,433,000.00. Following the completion of the transaction, the chief financial officer now owns 87,045 shares of the company’s stock, valued at $7,669,534.95. The disclosure for this sale can be found here. Insiders have sold a total of 1,339,962 shares of company stock worth $117,480,732 over the last ninety days. 2.22% of the stock is currently owned by company insiders.

Amphenol Stock Performance

Shares of Amphenol stock opened at $86.50 on Thursday. The business’s fifty day simple moving average is $86.57 and its 200 day simple moving average is $81.03. The firm has a market capitalization of $51.59 billion, a P/E ratio of 28.18, a price-to-earnings-growth ratio of 3.40 and a beta of 1.24. Amphenol Co. has a 12 month low of $65.21 and a 12 month high of $90.28. The company has a current ratio of 2.33, a quick ratio of 1.60 and a debt-to-equity ratio of 0.52.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.95 billion. Amphenol had a return on equity of 25.85% and a net margin of 15.15%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. As a group, analysts anticipate that Amphenol Co. will post 2.92 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Tuesday, September 19th will be paid a $0.21 dividend. The ex-dividend date is Monday, September 18th. This represents a $0.84 annualized dividend and a dividend yield of 0.97%. Amphenol’s payout ratio is presently 27.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price objective on Amphenol from $80.00 to $88.00 in a research note on Thursday, July 27th. Bank of America raised their target price on Amphenol from $90.00 to $100.00 in a report on Thursday, July 27th. Truist Financial raised their target price on Amphenol from $93.00 to $101.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Credit Suisse Group lowered Amphenol from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $91.00 to $77.00 in a report on Thursday, May 18th. Finally, StockNews.com began coverage on Amphenol in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.25.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.