52,869 Amphenol Corporation $APH Shares Acquired by Torray Investment Partners LLC

Torray Investment Partners LLC boosted its position in shares of Amphenol Corporation (NYSE:APH) by 89.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 112,104 shares of the electronics maker’s stock after buying an additional 52,869 shares during the quarter. Amphenol makes up approximately 1.2% of Torray Investment Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Torray Investment Partners LLC’s holdings in Amphenol were worth $9,450,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vaquero Private Wealth Ltd. acquired a new stake in shares of Amphenol during the 2nd quarter worth approximately $32,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Amphenol by 85.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 91 shares during the period. Tompkins Financial Corp raised its stake in shares of Amphenol by 81.9% in the second quarter. Tompkins Financial Corp now owns 211 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 95 shares in the last quarter. Wilkerson Advisory Group LLC raised its stake in shares of Amphenol by 57.4% in the first quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 85 shares in the last quarter. Finally, Valued Wealth Advisors LLC raised its stake in shares of Amphenol by 53.9% in the first quarter. Valued Wealth Advisors LLC now owns 234 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on APH. Bank of America lifted their price target on shares of Amphenol from $99.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. The Goldman Sachs Group restated a “buy” rating and issued a $116.00 price objective (up from $102.00) on shares of Amphenol in a research note on Tuesday, October 6th. TD Cowen reduced their price objective on shares of Amphenol from $175.00 to $90.00 and set a “hold” rating for the company in a report on Wednesday, September 9th. UBS Group raised their price objective on shares of Amphenol from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, Robert W. Baird decreased their target price on shares of Amphenol from $190.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Amphenol presently has a consensus rating of “Buy” and a consensus target price of $108.32.

Insider Activity

In other news, CEO Richard Norwitt sold 799,576 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $82.48, for a total value of $65,949,028.48. Following the sale, the chief executive officer owned 3,855,014 shares in the company, valued at approximately $317,961,554.72. The trade was a 17.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.42% of the company’s stock.

Amphenol Trading Down 9.2%

Shares of APH opened at $71.73 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.99. The stock has a market cap of $177.13 billion, a PE ratio of 31.19, a PEG ratio of 0.94 and a beta of 1.27. Amphenol Corporation has a 1 year low of $59.01 and a 1 year high of $89.93. The stock has a 50 day simple moving average of $81.42 and a 200-day simple moving average of $75.54.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The business had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. Amphenol’s quarterly revenue was up 65.1% on a year-over-year basis. On average, sell-side analysts predict that Amphenol Corporation will post 2.84 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Shareholders of record on Tuesday, December 22nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 22nd. This is a drop from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. Amphenol’s dividend payout ratio (DPR) is 21.74%.

Amphenol declared that its board has approved a share buyback plan on Wednesday, October 28th that permits the company to buy back $4 billion in shares. This repurchase authorization permits the electronics maker to reacquire up to 2% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

About Amphenol

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.