Cookson Peirce & Co. Inc. Sells 21,001 Shares of Amphenol Corporation $APH

Cookson Peirce & Co. Inc. trimmed its position in Amphenol Corporation (NYSE:APH) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,006,250 shares of the electronics maker’s stock after selling 21,001 shares during the period. Amphenol accounts for approximately 4.4% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 2nd biggest holding. Cookson Peirce & Co. Inc.’s holdings in Amphenol were worth $99,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Tranquility Partners LLC boosted its stake in shares of Amphenol by 0.8% during the 2nd quarter. Tranquility Partners LLC now owns 13,386 shares of the electronics maker’s stock worth $1,322,000 after acquiring an additional 107 shares in the last quarter. EWA LLC raised its holdings in Amphenol by 2.3% in the 2nd quarter. EWA LLC now owns 5,200 shares of the electronics maker’s stock valued at $514,000 after acquiring an additional 115 shares during the last quarter. Mather Group LLC. raised its holdings in Amphenol by 0.5% in the 2nd quarter. Mather Group LLC. now owns 22,896 shares of the electronics maker’s stock valued at $2,261,000 after acquiring an additional 118 shares during the last quarter. Independent Advisor Alliance raised its holdings in Amphenol by 1.7% in the 1st quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker’s stock valued at $471,000 after acquiring an additional 122 shares during the last quarter. Finally, Traveka Wealth LLC increased its holdings in shares of Amphenol by 3.9% during the 2nd quarter. Traveka Wealth LLC now owns 3,277 shares of the electronics maker’s stock worth $324,000 after buying an additional 123 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $110.42, for a total value of $11,042,000.00. Following the completion of the transaction, the vice president directly owned 12,500 shares of the company’s stock, valued at approximately $1,380,250. The trade was a 88.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 40,076 shares of Amphenol stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $110.56, for a total transaction of $4,430,802.56. Following the completion of the transaction, the chief financial officer directly owned 39,884 shares of the company’s stock, valued at $4,409,575.04. This trade represents a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 665,924 shares of company stock worth $73,369,357. Corporate insiders own 1.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on APH shares. KGI Securities initiated coverage on shares of Amphenol in a report on Thursday, June 26th. They issued a “hold” rating for the company. Evercore ISI lifted their price objective on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a research report on Friday, July 11th. 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 research report on Thursday, July 24th. Finally, UBS Group set a $120.00 price objective on shares of Amphenol in a research note on Tuesday, October 7th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average price target of $118.00.

Amphenol Stock Performance

Shares of APH opened at $124.60 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. The company has a market capitalization of $152.13 billion, a price-to-earnings ratio of 49.64, a PEG ratio of 1.67 and a beta of 1.17. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $128.12. The company’s 50 day simple moving average is $118.01 and its 200 day simple moving average is $99.22.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the firm posted $0.44 earnings per share. Amphenol’s revenue was up 56.5% on a year-over-year basis. On average, sell-side analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.66 annualized dividend and a yield of 0.5%. Amphenol’s payout ratio is 26.29%.

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.