Amphenol Corporation $APH Shares Bought by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. lifted its stake in shares of Amphenol Corporation (NYSE:APH) by 107.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 295,926 shares of the electronics maker’s stock after purchasing an additional 153,498 shares during the quarter. Amphenol comprises about 2.3% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 7th largest holding. Cabot Wealth Management Inc.’s holdings in Amphenol were worth $24,947,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC raised its stake in shares of Amphenol by 111.0% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 29,268 shares of the electronics maker’s stock worth $2,168,000 after buying an additional 15,394 shares in the last quarter. Pacific Excel Wealth Advisors Inc. acquired a new stake in shares of Amphenol in the second quarter valued at $1,927,000. Evelyn Partners Investment Management Services Ltd lifted its holdings in shares of Amphenol by 132.7% in the first quarter. Evelyn Partners Investment Management Services Ltd now owns 45,599 shares of the electronics maker’s stock valued at $5,761,000 after buying an additional 26,000 shares during the period. Allen Capital Group LLC boosted its stake in Amphenol by 1,118.7% during the first quarter. Allen Capital Group LLC now owns 39,681 shares of the electronics maker’s stock valued at $5,014,000 after buying an additional 36,425 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in Amphenol during the first quarter valued at about $5,637,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE:APH opened at $79.32 on Thursday. Amphenol Corporation has a one year low of $59.01 and a one year high of $89.93. The stock has a fifty day moving average of $81.30 and a 200-day moving average of $75.59. The company has a market capitalization of $195.85 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 0.95 and a beta of 1.27. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.42 and a current ratio of 1.94.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.07. The business had revenue of $10.23 billion during the quarter, compared to analyst estimates of $9.49 billion. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The company’s revenue was up 65.1% compared to the same quarter last year. During the same period last year, the company posted $0.93 EPS. As a group, equities analysts anticipate that Amphenol Corporation will post 2.83 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders of record on Tuesday, December 22nd will be issued a dividend of $0.15 per share. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 22nd. Amphenol’s dividend payout ratio (DPR) is currently 21.74%.

Amphenol announced that its board has initiated a stock buyback program on Wednesday, October 28th that authorizes the company to buy back $4 billion in outstanding shares. This buyback authorization authorizes the electronics maker to buy up to 2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

APH has been the topic of a number of research analyst reports. BNP Paribas Exane lifted their target price on Amphenol from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Bank of America upped their price target on shares of Amphenol from $99.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, October 13th. The Goldman Sachs Group restated a “buy” rating and set a $116.00 price objective (up from $102.00) on shares of Amphenol in a research report on Tuesday, October 6th. Robert W. Baird lowered their price objective on shares of Amphenol from $190.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 6th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $102.00 price objective on shares of Amphenol in a research note on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $107.00.

Insider Buying and Selling at Amphenol

In related news, CEO Richard Norwitt sold 799,576 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $82.48, for a total value of $65,949,028.48. Following the completion of the transaction, the chief executive officer owned 3,855,014 shares in the company, valued at $317,961,554.72. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by company insiders.

Amphenol Profile

Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, antennas and sensor products. Its offerings also include cable assemblies and related components used to transmit signals and power in electronic equipment and systems. The company serves customers in a range of markets, including communications and information technology, automotive, aerospace and defense, industrial, mobile devices and data networks. Its products are used in applications such as vehicles, communications infrastructure, commercial aircraft and industrial equipment.