Jacobsen Capital Management Sells 309 Shares of Amphenol Corporation $APH

Jacobsen Capital Management cut its stake in Amphenol Corporation (NYSE:APH) by 3.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,764 shares of the electronics maker’s stock after selling 309 shares during the period. Jacobsen Capital Management’s holdings in Amphenol were worth $865,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. lifted its stake in shares of Amphenol by 196.3% in 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 purchasing an additional 11,092,282 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Amphenol by 639.0% in the first 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 worth $574,500,000 after purchasing an additional 7,573,750 shares in the last quarter. Nuveen LLC purchased a new position in Amphenol during the first quarter valued at $476,842,000. Wellington Management Group LLP boosted its holdings 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 in the last quarter. Finally, Vanguard Group Inc. grew its position 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 worth $10,166,370,000 after buying an additional 2,870,933 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of APH opened at $124.60 on Wednesday. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $128.12. The company has a market capitalization of $152.13 billion, a P/E ratio of 49.64, a price-to-earnings-growth ratio of 1.67 and a beta of 1.17. The firm has a 50 day moving average of $118.01 and a 200 day moving average of $99.22. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.66 by $0.15. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The company’s revenue was up 56.5% compared to the same quarter last year. During the same period last year, the business posted $0.44 EPS. As a group, equities research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. Amphenol’s dividend payout ratio (DPR) is 26.29%.

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 40,076 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.56, for a total value of $4,430,802.56. Following the completion of the transaction, the chief financial officer owned 39,884 shares of the company’s stock, valued at approximately $4,409,575.04. The trade was a 50.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the sale, the vice president directly owned 76,400 shares in the company, valued at approximately $8,449,840. The trade was a 56.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 665,924 shares of company stock valued at $73,369,357 over the last quarter. Corporate insiders own 1.67% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on APH. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Citigroup reiterated a “buy” rating and set a $145.00 target price (up from $125.00) on shares of Amphenol in a report on Wednesday, September 24th. Evercore ISI upped their price target on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Barclays assumed coverage on Amphenol in a research note on Wednesday, October 8th. They set an “equal weight” rating and a $120.00 price objective for the company. Finally, Truist Financial increased their target price on Amphenol from $102.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

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.