4,620 Shares in Amphenol Corporation (NYSE:APH) Acquired by Earned Wealth Advisors LLC

Key Points

• Earned Wealth Advisors LLC purchased 4,620 shares of Amphenol Corporation, valued at approximately $303,000, marking a new position in the company during the first quarter.
• Insider trading activity revealed significant sales, with VP Michael R. Ivas selling 40,000 shares and Luc Walter selling 286,000 shares of Amphenol stock, leading to a decrease in their respective holdings.
• Amphenol's stock reported a quarterly earnings** growth of 56.5%, with earnings per share of $0.81 surpassing analysts' expectations of $0.66.

Earned Wealth Advisors LLC purchased a new stake in Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,620 shares of the electronics maker's stock, valued at approximately $303,000.

Several other large investors have also recently bought and sold shares of APH. Forum Financial Management LP grew its position in Amphenol by 1.9% during the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock worth $438,000 after buying an additional 126 shares in the last quarter. FourThought Financial Partners LLC boosted its position in shares of Amphenol by 4.1% during the 1st quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker's stock valued at $231,000 after acquiring an additional 139 shares during the last quarter. Gallacher Capital Management LLC grew its holdings in shares of Amphenol by 4.6% during the first quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock worth $210,000 after purchasing an additional 142 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its position in shares of Amphenol by 2.5% in the first quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock worth $389,000 after purchasing an additional 143 shares during the last quarter. Finally, Fullcircle Wealth LLC raised its stake in Amphenol by 1.3% in the first quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock valued at $774,000 after purchasing an additional 151 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APH. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Amphenol from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Industrial Alliance Securities set a $115.00 target price on Amphenol in a research note on Friday, July 11th. TD Securities lifted their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, Robert W. Baird upped their price objective on Amphenol from $113.00 to $118.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $104.92.

Insiders Place Their Bets

In related news, insider William J. Doherty sold 160,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the transaction, the vice president directly owned 152,412 shares in the company, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 586,000 shares of company stock valued at $52,935,980 over the last three months. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Trading Up 1.3%

Shares of Amphenol stock traded up $1.38 on Wednesday, hitting $109.31. The stock had a trading volume of 6,507,658 shares, compared to its average volume of 9,314,864. The stock's 50-day simple moving average is $97.84 and its two-hundred day simple moving average is $80.22. Amphenol Corporation has a one year low of $56.45 and a one year high of $109.89. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The stock has a market cap of $133.46 billion, a price-to-earnings ratio of 43.55, a PEG ratio of 1.76 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The company's revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. As a group, sell-side analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Amphenol's payout ratio is 26.29%.

Amphenol Company 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.