Fulton Breakefield Broenniman LLC Decreases Stock Position in Amphenol Co. (NYSE:APH)

Fulton Breakefield Broenniman LLC reduced its position in Amphenol Co. (NYSE:APH) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,245 shares of the electronics maker’s stock after selling 152 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Amphenol were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Amphenol by 92.0% in the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after acquiring an additional 17,552,921 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Amphenol by 69.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after acquiring an additional 9,487,387 shares during the period. Mawer Investment Management Ltd. boosted its holdings in shares of Amphenol by 88.9% in the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after acquiring an additional 7,275,279 shares during the period. Legal & General Group Plc boosted its holdings in shares of Amphenol by 116.6% in the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock worth $662,458,000 after acquiring an additional 5,293,292 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of Amphenol by 263.0% in the second quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker’s stock worth $240,935,000 after acquiring an additional 2,585,282 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Up 2.0 %

APH opened at $66.99 on Thursday. The company has a market cap of $80.47 billion, a P/E ratio of 41.10, a P/E/G ratio of 2.56 and a beta of 1.24. The business’s 50-day moving average price is $64.56 and its 200-day moving average price is $64.12. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. Amphenol Co. has a 12 month low of $39.34 and a 12 month high of $70.84.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, equities analysts expect that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is currently 40.49%.

Wall Street Analyst Weigh In

APH has been the subject of a number of analyst reports. Truist Financial raised their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Vertical Research started coverage on Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective for the company. Bank of America dropped their price objective on Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. UBS Group lifted their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Robert W. Baird dropped their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.50.

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Luc Walter sold 170,000 shares of Amphenol stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the completion of the sale, the insider now owns 447,790 shares in the company, valued at approximately $28,703,339. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is currently owned by company insiders.

Amphenol Company 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.