Brown Advisory Inc. Sells 38,569 Shares of Amphenol Co. (NYSE:APH)

Posted by Defense World Staff on Jun 11th, 2023

Brown Advisory Inc. reduced its stake in Amphenol Co. (NYSE:APH – Get Rating) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,824 shares of the electronics maker’s stock after selling 38,569 shares during the quarter. Brown Advisory Inc.’s holdings in Amphenol were worth $14,758,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. RFP Financial Group LLC bought a new position in Amphenol in the 4th quarter valued at about $28,000. Edmond DE Rothschild Holding S.A. bought a new position in Amphenol in the 4th quarter valued at about $41,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Amphenol in the 4th quarter valued at about $41,000. Brown Brothers Harriman & Co. raised its holdings in Amphenol by 497.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 633 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 527 shares during the period. Finally, TCI Wealth Advisors Inc. raised its holdings in Amphenol by 23.3% in the 4th quarter. TCI Wealth Advisors Inc. now owns 835 shares of the electronics maker’s stock valued at $64,000 after acquiring an additional 158 shares during the period. 94.01% of the stock is owned by institutional investors.

Amphenol Price Performance

APH stock opened at $78.23 on Friday. The company has a fifty day moving average price of $76.56 and a 200-day moving average price of $78.00. The company has a market capitalization of $46.57 billion, a P/E ratio of 25.32, a PEG ratio of 3.25 and a beta of 1.23. Amphenol Co. has a 52-week low of $61.67 and a 52-week high of $82.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.77 and a current ratio of 2.64.

Amphenol (NYSE:APH – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.91 billion. Amphenol had a net margin of 15.15% and a return on equity of 27.10%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.67 earnings per share. As a group, equities analysts expect that Amphenol Co. will post 2.84 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Tuesday, June 20th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, June 16th. Amphenol’s dividend payout ratio is presently 27.18%.

Analysts Set New Price Targets

A number of research analysts have issued reports on APH shares. StockNews.com started coverage on shares of Amphenol in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Robert W. Baird decreased their target price on shares of Amphenol from $91.00 to $87.00 in a research report on Thursday, April 27th. Finally, Credit Suisse Group lowered shares of Amphenol from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $91.00 to $77.00 in a research report on Thursday, May 18th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Amphenol has a consensus rating of “Hold” and a consensus target price of $84.75.

Insider Buying and Selling

In related news, insider Jean-Luc Gavelle sold 184,100 shares of Amphenol stock in a transaction on Friday, May 12th. The shares were sold at an average price of $74.67, for a total transaction of $13,746,747.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.22% of the stock is owned by insiders.

Amphenol Profile

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Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.