Exchange Traded Concepts LLC Has $2.12 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Exchange Traded Concepts LLC grew its position in shares of Amphenol Co. (NYSE:APH) by 56.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,579 shares of the electronics maker’s stock after purchasing an additional 11,730 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Amphenol were worth $2,123,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Beacon Capital Management LLC lifted its stake in shares of Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 206 shares during the period. New England Capital Financial Advisors LLC lifted its stake in shares of Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol in the second quarter worth approximately $29,000. Sachetta LLC lifted its stake in shares of Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the period. Finally, Brown Shipley& Co Ltd acquired a new position in shares of Amphenol in the first quarter worth approximately $52,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Up 2.8 %

NYSE APH opened at $67.38 on Tuesday. The company has a market cap of $80.94 billion, a price-to-earnings ratio of 41.34, a P/E/G ratio of 2.56 and a beta of 1.24. Amphenol Co. has a 52 week low of $39.34 and a 52 week high of $70.84. The business has a 50 day moving average price of $64.31 and a 200-day moving average price of $64.05. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. Amphenol’s revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts expect that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is currently 40.49%.

Insider Buying and Selling

In related news, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,323,010. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Amphenol news, insider Luc Walter sold 106,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.19, for a total value of $6,804,140.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,743,640.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total value of $5,818,500.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,323,010. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on APH shares. UBS Group lifted their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Bank of America dropped their price target on Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Vertical Research assumed coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Robert W. Baird dropped their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Truist Financial boosted their price target on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $66.50.

Amphenol 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.