Parr Mcknight Wealth Management Group LLC Acquires Shares of 30,484 Amphenol Co. (NYSE:APH)

Parr Mcknight Wealth Management Group LLC purchased a new position in Amphenol Co. (NYSE:APH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,484 shares of the electronics maker's stock, valued at approximately $2,117,000.

A number of other hedge funds have also modified their holdings of the company. Wealthcare Advisory Partners LLC purchased a new stake in Amphenol during the fourth quarter valued at $217,000. LaFleur & Godfrey LLC grew its holdings in shares of Amphenol by 1.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock worth $3,945,000 after purchasing an additional 825 shares during the last quarter. Perpetual Ltd grew its holdings in Amphenol by 15.9% during the 4th quarter. Perpetual Ltd now owns 13,130 shares of the electronics maker's stock worth $912,000 after acquiring an additional 1,806 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in Amphenol by 19.1% during the 4th quarter. Atomi Financial Group Inc. now owns 12,280 shares of the electronics maker's stock worth $853,000 after acquiring an additional 1,972 shares in the last quarter. Finally, Beaumont Financial Advisors LLC purchased a new stake in shares of Amphenol during the fourth quarter valued at about $338,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Up 0.4%

APH stock traded up $0.38 during midday trading on Friday, hitting $85.64. 4,476,000 shares of the company's stock were exchanged, compared to its average volume of 7,496,367. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $87.22. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $103.59 billion, a price-to-earnings ratio of 44.72, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The firm has a 50 day moving average price of $72.69 and a 200-day moving average price of $70.98.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. 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 presently 32.04%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research report on Thursday, April 24th. TD Securities raised their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. The Goldman Sachs Group lifted their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Robert W. Baird lifted their target price on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.62.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the transaction, the insider now directly owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,178,500 shares of company stock worth $241,903,805. Company insiders own 1.67% of the company's stock.

Amphenol 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.