Mesirow Financial Investment Management Inc. Increases Stake in Amphenol Co. (NYSE:APH)

Mesirow Financial Investment Management Inc. raised its stake in shares of Amphenol Co. (NYSE:APH) by 100.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 37,912 shares of the electronics maker’s stock after acquiring an additional 18,966 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Amphenol were worth $2,554,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Beacon Capital Management LLC grew its holdings in Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC grew its holdings 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 valued at $25,000 after purchasing an additional 188 shares in the last quarter. Sachetta LLC grew its holdings in shares of Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of Amphenol in the fourth quarter valued at $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Amphenol in the second quarter valued at $29,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APH has been the subject of a number of recent research reports. Vertical Research initiated coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price for the company. Evercore ISI reissued an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. UBS Group raised their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Seaport Res Ptn upgraded Amphenol to a “strong-buy” rating in a research report on Monday, May 20th. Finally, Citigroup raised their price target on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Six investment 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 MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Stock Down 0.5 %

NYSE:APH opened at $63.27 on Tuesday. Amphenol Co. has a twelve month low of $39.34 and a twelve month high of $70.84. The company has a market cap of $76.20 billion, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The stock has a fifty day simple moving average of $64.52 and a 200-day simple moving average of $62.82. 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 (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the company earned $0.72 earnings per share. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts anticipate that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. Amphenol’s dividend payout ratio is currently 26.91%.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction dated 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 $3,323,010. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last three months. 1.80% of the stock is 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.