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Raymond James Trust N.A. Acquires 884 Shares of Amphenol Co. (NYSE:APH)

Defense World · Sep 29, 2022 05:42

Raymond James Trust N.A. raised its holdings in shares of Amphenol Co. (NYSE:APH – Get Rating) by 28.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,947 shares of the electronics maker's stock after acquiring an additional 884 shares during the period. Raymond James Trust N.A.'s holdings in Amphenol were worth $254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. King Luther Capital Management Corp increased its position in shares of Amphenol by 0.7% in the 4th quarter. King Luther Capital Management Corp now owns 19,913 shares of the electronics maker's stock valued at $1,742,000 after buying an additional 133 shares in the last quarter. Hall Laurie J Trustee increased its position in shares of Amphenol by 0.4% in the 1st quarter. Hall Laurie J Trustee now owns 37,595 shares of the electronics maker's stock valued at $2,833,000 after buying an additional 145 shares in the last quarter. ICW Investment Advisors LLC increased its position in shares of Amphenol by 2.6% in the 1st quarter. ICW Investment Advisors LLC now owns 5,741 shares of the electronics maker's stock valued at $433,000 after buying an additional 146 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Amphenol by 3.3% in the 1st quarter. Parallel Advisors LLC now owns 4,907 shares of the electronics maker's stock valued at $376,000 after buying an additional 156 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Amphenol by 15.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,168 shares of the electronics maker's stock worth $75,000 after purchasing an additional 158 shares during the period. Institutional investors own 93.50% of the company's stock.

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Insider Buying and Selling at Amphenol

In other Amphenol news, insider Jean-Luc Gavelle sold 122,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $77.44, for a total value of $9,447,680.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Lance E. D'amico sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $76.93, for a total transaction of $1,538,600.00. Following the transaction, the vice president now directly owns 25,700 shares of the company's stock, valued at $1,977,101. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean-Luc Gavelle sold 122,000 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $77.44, for a total transaction of $9,447,680.00. The disclosure for this sale can be found here. Insiders own 2.10% of the company's stock.

Analyst Ratings Changes

APH has been the subject of a number of research analyst reports. UBS Group upped their target price on shares of Amphenol from $88.00 to $93.00 and gave the stock a "buy" rating in a research note on Tuesday, August 23rd. The Goldman Sachs Group reduced their price objective on shares of Amphenol from $87.00 to $83.00 in a research note on Wednesday, June 1st. JPMorgan Chase & Co. upgraded shares of Amphenol from a "neutral" rating to an "overweight" rating and set a $83.00 price objective for the company in a research note on Thursday, July 14th. Cowen reduced their price objective on shares of Amphenol from $80.00 to $73.00 and set a "market perform" rating for the company in a research note on Friday, July 1st. Finally, Cowen reduced their price objective on shares of Amphenol from $80.00 to $73.00 and set a "market perform" rating for the company in a research note on Friday, July 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.44.

Amphenol Trading Up 1.6 %

Shares of NYSE:APH opened at $69.38 on Thursday. Amphenol Co. has a 52-week low of $61.67 and a 52-week high of $88.45. The company has a market capitalization of $41.27 billion, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The company has a 50-day simple moving average of $74.73 and a 200 day simple moving average of $71.51. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.65 and a current ratio of 2.45.

Amphenol (NYSE:APH – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The electronics maker reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. The firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $2.94 billion. Amphenol had a net margin of 15.00% and a return on equity of 27.28%. The business's revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. Sell-side analysts forecast that Amphenol Co. will post 2.94 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Tuesday, September 20th will be issued a $0.20 dividend. The ex-dividend date is Monday, September 19th. This represents a $0.80 annualized dividend and a yield of 1.15%. Amphenol's dividend payout ratio is currently 27.97%.

Amphenol Company Profile

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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.