Ellevest Inc. Takes $250,000 Position in Amphenol Co. (NYSE:APH)

Ellevest Inc. acquired a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,600 shares of the electronics maker's stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Tacita Capital Inc raised its holdings in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Amphenol in the fourth quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in shares of Amphenol during the 4th quarter worth $28,000. Rakuten Securities Inc. grew its stake in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in Amphenol in the 4th quarter worth $32,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on APH. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research report on Thursday, April 24th. Robert W. Baird upped their price target on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. TD Securities lifted their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Finally, Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average price target of $81.62.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 126,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.28, for a total value of $10,115,280.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 87,500 shares of Amphenol stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the transaction, the vice president now directly owns 12,500 shares in the company, valued at approximately $1,000,375. This represents a 87.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,178,500 shares of company stock worth $241,903,805. Insiders own 1.67% of the company's stock.

Amphenol Trading Up 1.5%

Shares of APH stock traded up $1.29 on Tuesday, hitting $85.75. The company had a trading volume of 8,088,952 shares, compared to its average volume of 7,531,956. The firm has a market cap of $103.72 billion, a P/E ratio of 44.78, a P/E/G ratio of 1.92 and a beta of 1.10. The stock's 50-day moving average is $68.97 and its two-hundred day moving average is $70.05. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $86.80.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the company posted $0.40 earnings per share. The firm's revenue for the quarter was up 47.7% on a year-over-year basis. On average, equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.77%. Amphenol's payout ratio is 32.04%.

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.