Inscription Capital LLC Acquires 31,737 Shares of Amphenol Corporation $APH

Inscription Capital LLC grew its holdings in Amphenol Corporation (NYSE:APH) by 88.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 67,449 shares of the electronics maker’s stock after acquiring an additional 31,737 shares during the quarter. Amphenol comprises 0.6% of Inscription Capital LLC’s investment portfolio, making the stock its 28th largest holding. Inscription Capital LLC’s holdings in Amphenol were worth $5,686,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Purus Wealth Management LLC increased its position in Amphenol by 3.7% in the 2nd quarter. Purus Wealth Management LLC now owns 1,801 shares of the electronics maker’s stock valued at $318,000 after acquiring an additional 65 shares during the period. Cornerstone Financial Management LLC raised its stake in Amphenol by 27.2% during the 2nd quarter. Cornerstone Financial Management LLC now owns 304 shares of the electronics maker’s stock valued at $54,000 after acquiring an additional 65 shares during the last quarter. Sachetta LLC lifted its position in Amphenol by 14.9% during the 1st quarter. Sachetta LLC now owns 548 shares of the electronics maker’s stock worth $69,000 after acquiring an additional 71 shares during the period. Ferguson Wellman Capital Management Inc. lifted its position in Amphenol by 3.8% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 1,980 shares of the electronics maker’s stock worth $250,000 after acquiring an additional 72 shares during the period. Finally, Guardian Wealth Advisors LLC NC grew its stake in shares of Amphenol by 0.5% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 14,211 shares of the electronics maker’s stock valued at $2,506,000 after purchasing an additional 72 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group boosted their target price on Amphenol from $105.00 to $111.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Bank of America upped their price target on Amphenol from $99.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. Wall Street Zen raised Amphenol from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Robert W. Baird lowered their price objective 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. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $102.00 price objective on shares of Amphenol in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $108.32.

Insider Buying and Selling at Amphenol

In related news, CEO Richard Norwitt sold 799,576 shares of Amphenol stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $82.48, for a total value of $65,949,028.48. Following the sale, the chief executive officer directly owned 3,855,014 shares in the company, valued at $317,961,554.72. The trade was a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is currently owned by company insiders.

Amphenol Trading Down 9.2%

NYSE APH opened at $71.73 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $177.13 billion, a P/E ratio of 31.19, a P/E/G ratio of 0.94 and a beta of 1.27. Amphenol Corporation has a 52-week low of $59.01 and a 52-week high of $89.93. The firm has a 50-day moving average price of $81.42 and a 200 day moving average price of $75.54.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The company 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 company earned $0.93 EPS. The firm’s revenue for the quarter was up 65.1% compared to the same quarter last year. Equities research analysts expect that Amphenol Corporation will post 2.84 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders of record on Tuesday, December 22nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. This is a decrease from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s payout ratio is 21.74%.

Amphenol announced that its board has approved a share repurchase plan on Wednesday, October 28th that allows the company to repurchase $4 billion in outstanding shares. This repurchase authorization allows the electronics maker to buy up to 2% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s board of directors believes its shares are 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.