Marsico Capital Management LLC Increases Stock Holdings in Amphenol Co. (NYSE:APH)

Marsico Capital Management LLC grew its holdings in shares of Amphenol Co. (NYSE:APH) by 100.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,050 shares of the electronics maker’s stock after purchasing an additional 116,025 shares during the period. Amphenol comprises about 0.5% of Marsico Capital Management LLC’s portfolio, making the stock its 29th biggest position. Marsico Capital Management LLC’s holdings in Amphenol were worth $15,633,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Beacon Capital Management LLC increased its stake in Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 206 shares during the period. New England Capital Financial Advisors LLC grew its stake in shares of Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares in the last quarter. Sachetta LLC increased its position in shares of Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the period. Frazier Financial Advisors LLC acquired a new stake in shares of Amphenol in the fourth quarter valued at $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in Amphenol in the second quarter valued at $29,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APH. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Truist Financial raised their target price on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. UBS Group boosted their price target on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Robert W. Baird reduced their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Citigroup boosted their target price on shares of Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Stock Up 1.4 %

APH opened at $63.99 on Wednesday. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The stock has a market capitalization of $76.87 billion, a P/E ratio of 39.26, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The business’s 50-day simple moving average is $64.43 and its 200-day simple moving average is $62.88.

Amphenol (NYSE:APH) last released its quarterly earnings results 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 company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 earnings per share. Analysts anticipate that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.03%. The ex-dividend date is Tuesday, September 17th. Amphenol’s payout ratio is currently 40.49%.

Insider Buying and Selling at Amphenol

In other news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at $3,323,010. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is owned by company insiders.

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.