LGT Fund Management Co Ltd. Boosts Position in Amphenol Co. (NYSE:APH)

LGT Fund Management Co Ltd. increased its holdings in shares of Amphenol Co. (NYSE:APH) by 100.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,700 shares of the electronics maker’s stock after acquiring an additional 2,350 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Amphenol were worth $317,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. grew its holdings in Amphenol by 0.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after acquiring an additional 80 shares during the period. Atomi Financial Group Inc. grew its holdings in Amphenol by 1.7% during the first quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock worth $544,000 after acquiring an additional 81 shares during the period. Lindbrook Capital LLC grew its holdings in Amphenol by 2.0% during the first quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock worth $490,000 after acquiring an additional 85 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in Amphenol by 1.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after acquiring an additional 88 shares during the period. Finally, Nicolet Advisory Services LLC boosted its position in Amphenol by 3.4% during the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock worth $313,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on APH shares. Citigroup boosted their target price on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Seaport Res Ptn upgraded Amphenol to a “strong-buy” rating in a research report on Monday, May 20th. Bank of America downgraded Amphenol from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $80.00 to $71.00 in a research report on Wednesday, September 4th. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Finally, Robert W. Baird decreased their target price on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.04.

Amphenol Stock Up 0.1 %

Shares of NYSE:APH opened at $60.79 on Wednesday. The company has a market capitalization of $73.21 billion, a P/E ratio of 37.18, a P/E/G ratio of 2.36 and a beta of 1.24. The stock’s fifty day simple moving average is $64.90 and its 200-day simple moving average is $62.57. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84. 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 released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. As a group, equities research analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.09%. Amphenol’s payout ratio is currently 26.91%.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Luc Walter sold 170,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $64.10, for a total value of $10,897,000.00. Following the sale, the insider now owns 447,790 shares of the company’s stock, valued at $28,703,339. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is currently owned by insiders.

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.