AE Wealth Management LLC Sells 4,600 Shares of Amphenol Corporation (NYSE:APH)

AE Wealth Management LLC reduced its stake in Amphenol Corporation (NYSE:APH - Free Report) by 37.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,630 shares of the electronics maker's stock after selling 4,600 shares during the quarter. AE Wealth Management LLC's holdings in Amphenol were worth $500,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after buying an additional 18,619,417 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Wellington Management Group LLP raised its holdings in shares of Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after purchasing an additional 6,039,845 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Amphenol by 118.4% in the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after purchasing an additional 3,933,269 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of Amphenol by 108.9% in the 4th quarter. Mackenzie Financial Corp now owns 5,564,252 shares of the electronics maker's stock valued at $386,437,000 after purchasing an additional 2,900,024 shares during the period. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on APH. UBS Group upped their target price on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. The Goldman Sachs Group reiterated a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a report on Thursday, April 24th. Finally, Citigroup increased their price target on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $102.23.

Amphenol Stock Performance

Shares of NYSE:APH traded down $2.22 on Friday, reaching $104.29. 8,736,054 shares of the company's stock were exchanged, compared to its average volume of 8,870,272. The company has a fifty day moving average of $96.99 and a 200-day moving average of $79.62. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $108.85. The company has a market capitalization of $127.33 billion, a price-to-earnings ratio of 41.55, a PEG ratio of 1.78 and a beta of 1.13. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm's revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. On average, research analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Amphenol's dividend payout ratio (DPR) is currently 26.29%.

Insider Activity

In related news, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the transaction, the vice president owned 152,412 shares of the company's stock, valued at $13,532,661.48. This represents a 20.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the completion of the transaction, the vice president directly owned 12,500 shares of the company's stock, valued at approximately $1,113,625. The trade was a 88.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 586,000 shares of company stock worth $52,935,980. Insiders own 1.67% of the company's stock.

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.