Bridgewater Associates LP Trims Holdings in Amphenol Co. (NYSE:APH)

Defense World · Nov 26, 2022 20:21

Bridgewater Associates LP lowered its holdings in Amphenol Co. (NYSE:APH – Get Rating) by 86.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,090 shares of the electronics maker's stock after selling 300,779 shares during the quarter. Bridgewater Associates LP's holdings in Amphenol were worth $3,096,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Amphenol by 7.0% in the first quarter. Vanguard Group Inc. now owns 69,178,983 shares of the electronics maker's stock valued at $5,212,637,000 after purchasing an additional 4,495,813 shares during the period. BlackRock Inc. raised its position in Amphenol by 1.5% in the first quarter. BlackRock Inc. now owns 43,858,502 shares of the electronics maker's stock valued at $3,304,738,000 after purchasing an additional 628,117 shares during the period. Flossbach Von Storch AG raised its position in Amphenol by 10.9% in the first quarter. Flossbach Von Storch AG now owns 10,604,790 shares of the electronics maker's stock valued at $799,071,000 after purchasing an additional 1,039,221 shares during the period. Mawer Investment Management Ltd. raised its position in Amphenol by 0.5% in the first quarter. Mawer Investment Management Ltd. now owns 8,799,130 shares of the electronics maker's stock valued at $663,014,000 after purchasing an additional 45,937 shares during the period. Finally, Victory Capital Management Inc. raised its position in Amphenol by 14.7% in the second quarter. Victory Capital Management Inc. now owns 6,240,120 shares of the electronics maker's stock valued at $401,739,000 after purchasing an additional 801,454 shares during the period. Hedge funds and other institutional investors own 93.50% of the company's stock.

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Insider Transactions at Amphenol

In other news, VP Lance E. D'amico sold 40,000 shares of the company's stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $78.79, for a total transaction of $3,151,600.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares of the company's stock, valued at approximately $2,024,903. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Lance E. D'amico sold 40,000 shares of the business's stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $78.79, for a total value of $3,151,600.00. Following the completion of the sale, the vice president now directly owns 25,700 shares of the company's stock, valued at approximately $2,024,903. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David M. Silverman sold 75,000 shares of the business's stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $80.02, for a total value of $6,001,500.00. Following the completion of the sale, the vice president now directly owns 7,000 shares of the company's stock, valued at $560,140. The disclosure for this sale can be found here. In the last ninety days, insiders sold 242,000 shares of company stock valued at $19,290,240. 2.10% of the stock is currently owned by corporate insiders.

Amphenol Trading Up 0.3 %

APH opened at $80.34 on Friday. Amphenol Co. has a 12 month low of $61.67 and a 12 month high of $88.45. The stock has a market capitalization of $47.81 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.36 and a beta of 1.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.38 and a quick ratio of 1.60. The business has a fifty day moving average price of $73.22 and a 200 day moving average price of $71.67.

Amphenol (NYSE:APH – Get Rating) last released its quarterly earnings data on Wednesday, October 26th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.05. The business had revenue of $3.30 billion during the quarter, compared to analysts' expectations of $3.11 billion. Amphenol had a return on equity of 28.02% and a net margin of 14.98%. The business's quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. Sell-side analysts expect that Amphenol Co. will post 2.97 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Tuesday, December 20th will be given a dividend of $0.21 per share. This is a boost from Amphenol's previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Monday, December 19th. Amphenol's dividend payout ratio is currently 26.85%.

Analyst Ratings Changes

APH has been the subject of a number of research reports. UBS Group lifted their price objective on Amphenol from $88.00 to $93.00 and gave the company a "buy" rating in a research note on Tuesday, August 23rd. Jefferies Financial Group cut Amphenol from a "buy" rating to a "hold" rating and lifted their price objective for the company from $87.00 to $88.00 in a research note on Tuesday. They noted that the move was a valuation call. JPMorgan Chase & Co. lifted their price objective on Amphenol from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Monday, October 10th. Finally, StockNews.com cut Amphenol from a "buy" rating to a "hold" rating in a research note on Friday, November 4th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Amphenol currently has an average rating of "Hold" and a consensus target price of $84.56.

About Amphenol

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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.

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