Bessemer Securities LLC Has $660,000 Stock Position in Amphenol Co. (NYSE:APH)

Bessemer Securities LLC decreased its stake in shares of Amphenol Co. (NYSE:APH) by 53.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,766 shares of the electronics maker’s stock after selling 8,850 shares during the period. Bessemer Securities LLC’s holdings in Amphenol were worth $660,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Manitou Investment Management Ltd. acquired a new position in Amphenol during the 1st quarter worth about $25,000. Sunbelt Securities Inc. acquired a new position in Amphenol during the 1st quarter worth about $33,000. Altshuler Shaham Ltd acquired a new position in Amphenol during the 4th quarter worth about $33,000. Spire Wealth Management lifted its position in Amphenol by 102.8% during the 1st quarter. Spire Wealth Management now owns 436 shares of the electronics maker’s stock worth $36,000 after buying an additional 221 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in Amphenol by 64.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 543 shares of the electronics maker’s stock worth $46,000 after buying an additional 212 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling

In related news, VP David M. Silverman sold 75,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $89.51, for a total transaction of $6,713,250.00. Following the completion of the sale, the vice president now directly owns 7,000 shares of the company’s stock, valued at approximately $626,570. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP David M. Silverman sold 75,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $89.51, for a total transaction of $6,713,250.00. Following the completion of the sale, the vice president now directly owns 7,000 shares of the company’s stock, valued at approximately $626,570. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Livingston bought 11,839 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of $84.81 per share, with a total value of $1,004,065.59. Following the completion of the purchase, the director now owns 59,120 shares in the company, valued at approximately $5,013,967.20. The disclosure for this purchase can be found here. 2.22% of the stock is owned by company insiders.

Amphenol Stock Performance

Shares of APH stock opened at $89.55 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.33 and a quick ratio of 1.61. The stock has a market cap of $53.58 billion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 3.76 and a beta of 1.26. The stock has a 50-day moving average of $83.83 and a 200-day moving average of $83.10. Amphenol Co. has a one year low of $72.00 and a one year high of $90.28.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Amphenol had a return on equity of 24.57% and a net margin of 15.41%. Amphenol’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. As a group, sell-side analysts expect that Amphenol Co. will post 2.96 earnings per share for the current year.

Amphenol Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Tuesday, December 19th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.98%. This is a boost from Amphenol’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, December 18th. Amphenol’s dividend payout ratio is presently 28.39%.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com assumed coverage on Amphenol in a report on Thursday, October 5th. They set a “hold” rating for the company. BNP Paribas assumed coverage on Amphenol in a report on Thursday, October 5th. They set an “outperform” rating and a $93.00 price objective for the company. Bank of America boosted their price objective on Amphenol from $90.00 to $100.00 in a report on Thursday, July 27th. Robert W. Baird boosted their price objective on Amphenol from $89.00 to $100.00 in a report on Thursday, July 27th. Finally, UBS Group boosted their price objective on Amphenol from $88.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $93.25.

Amphenol Company Profile

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.