Keel Point LLC Has $3.94 Million Stake in Amphenol Co. (NYSE:APH)

Keel Point LLC decreased its holdings in Amphenol Co. (NYSE:APH) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,399 shares of the electronics maker’s stock after selling 3,523 shares during the period. Keel Point LLC’s holdings in Amphenol were worth $3,942,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. MCF Advisors LLC grew its holdings in Amphenol by 129.0% in the 1st quarter. MCF Advisors LLC now owns 300 shares of the electronics maker’s stock valued at $25,000 after buying an additional 169 shares in the last quarter. Manitou Investment Management Ltd. acquired a new position in shares of Amphenol in the first quarter valued at about $25,000. Creative Financial Designs Inc. ADV bought a new position in Amphenol during the first quarter worth about $27,000. Aspire Private Capital LLC acquired a new position in shares of Amphenol during the 1st quarter worth approximately $32,688,000,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Amphenol in the first quarter valued at approximately $33,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Amphenol Price Performance

Shares of Amphenol stock traded down $0.39 during midday trading on Tuesday, hitting $85.84. 288,737 shares of the company traded hands, compared to its average volume of 2,515,318. The firm’s fifty day moving average price is $86.67 and its 200-day moving average price is $81.18. The stock has a market cap of $51.20 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 3.36 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 debt-to-equity ratio of 0.52, a quick ratio of 1.60 and a current ratio of 2.33.

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

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Tuesday, September 19th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Monday, September 18th. Amphenol’s dividend payout ratio is currently 27.36%.

Insiders Place Their Bets

In other news, insider Luc Walter sold 264,962 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $87.32, for a total transaction of $23,136,481.84. Following the completion of the sale, the insider now owns 197,962 shares of the company’s stock, valued at approximately $17,286,041.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Luc Walter sold 264,962 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $87.32, for a total value of $23,136,481.84. Following the transaction, the insider now directly owns 197,962 shares in the company, valued at approximately $17,286,041.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 650,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $87.43, for a total value of $56,829,500.00. Following the completion of the sale, the chief executive officer now directly owns 967,424 shares of the company’s stock, valued at $84,581,880.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,339,962 shares of company stock valued at $117,480,732. 2.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APH. Robert W. Baird increased their price target on Amphenol from $89.00 to $100.00 in a research report on Thursday, July 27th. Truist Financial boosted their price target on Amphenol from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. StockNews.com began coverage on shares of Amphenol in a research note on Thursday, August 17th. They set a “hold” rating on the stock. UBS Group boosted their target price on shares of Amphenol from $88.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Amphenol from $80.00 to $88.00 in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.