Argonautica Private Wealth Management Inc. Makes New $3.72 Million Investment in Amphenol Corporation $APH

Argonautica Private Wealth Management Inc. bought a new stake in Amphenol Corporation (NYSE:APH) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 37,698 shares of the electronics maker’s stock, valued at approximately $3,723,000. Amphenol makes up 1.2% of Argonautica Private Wealth Management Inc.’s investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Amphenol by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock valued at $10,166,370,000 after purchasing an additional 2,870,933 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Amphenol by 196.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock valued at $1,098,190,000 after buying an additional 11,092,282 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Amphenol by 73.5% during the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock valued at $798,163,000 after buying an additional 5,154,860 shares during the last quarter. Invesco Ltd. grew its position in shares of Amphenol by 1.6% during the 1st quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker’s stock valued at $603,362,000 after buying an additional 141,069 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Amphenol by 639.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock valued at $574,500,000 after buying an additional 7,573,750 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on APH shares. Truist Financial boosted their price objective 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. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. UBS Group set a $120.00 price objective on shares of Amphenol in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 10th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Insider Activity at Amphenol

In other news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $110.60, for a total value of $11,060,000.00. Following the completion of the sale, the vice president directly owned 76,400 shares of the company’s stock, valued at approximately $8,449,840. This represents a 56.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William J. Doherty sold 113,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $110.29, for a total transaction of $12,462,770.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 665,924 shares of company stock valued at $73,369,357. 1.67% of the stock is currently owned by insiders.

Amphenol Price Performance

NYSE APH opened at $124.60 on Wednesday. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $128.12. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The stock has a market cap of $152.13 billion, a price-to-earnings ratio of 49.64, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. The company has a 50-day moving average price of $118.01 and a two-hundred day moving average price of $99.22.

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

Amphenol Dividend Announcement

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

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.