AGF Management Ltd. Purchases 652,125 Shares of Amphenol Corporation (NYSE:APH)

AGF Management Ltd. lifted its position in Amphenol Corporation (NYSE:APH) by 175.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,024,293 shares of the electronics maker’s stock after acquiring an additional 652,125 shares during the quarter. AGF Management Ltd. owned 0.08% of Amphenol worth $67,183,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in APH. Independent Advisor Alliance lifted its holdings in Amphenol by 1.7% during the 1st quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker’s stock valued at $471,000 after buying an additional 122 shares in the last quarter. Cove Private Wealth LLC lifted its holdings in Amphenol by 12.5% during the 1st quarter. Cove Private Wealth LLC now owns 10,284 shares of the electronics maker’s stock valued at $675,000 after buying an additional 1,140 shares in the last quarter. SouthState Corp bought a new stake in Amphenol during the 1st quarter valued at about $36,000. Nuveen LLC bought a new stake in Amphenol during the 1st quarter valued at about $476,842,000. Finally, Cooper Financial Group lifted its holdings in Amphenol by 9.0% during the 1st quarter. Cooper Financial Group now owns 6,497 shares of the electronics maker’s stock valued at $426,000 after buying an additional 538 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 160,000 shares of the company’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the sale, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. This trade represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 586,000 shares of company stock valued at $52,935,980 over the last quarter. Insiders own 1.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Amphenol from $113.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Truist Financial boosted their price target on shares of Amphenol from $102.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a report on Friday, July 11th. Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.92.

Amphenol Stock Up 1.3%

NYSE:APH opened at $110.01 on Monday. The company has a market cap of $134.31 billion, a PE ratio of 43.83, a P/E/G ratio of 1.79 and a beta of 1.13. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $110.60. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $99.07 and its two-hundred day moving average is $80.99.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. Amphenol’s revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. Analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol’s dividend payout ratio is 26.29%.

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.