Sowell Financial Services LLC raised its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 18.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,184 shares of the electronics maker's stock after acquiring an additional 8,523 shares during the period. Sowell Financial Services LLC's holdings in Amphenol were worth $3,620,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in APH. LaFleur & Godfrey LLC grew its holdings in Amphenol by 1.5% during the fourth quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock worth $3,945,000 after acquiring an additional 825 shares during the period. Brighton Jones LLC grew its stake in shares of Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after purchasing an additional 4,721 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Amphenol by 9.9% in the 4th quarter. Blue Trust Inc. now owns 9,642 shares of the electronics maker's stock valued at $670,000 after purchasing an additional 869 shares during the period. Finally, Valeo Financial Advisors LLC boosted its holdings in Amphenol by 6.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 8,609 shares of the electronics maker's stock worth $598,000 after buying an additional 505 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on APH. Robert W. Baird lifted their price objective on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. UBS Group upped their price target on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 30th. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Wall Street Zen cut Amphenol from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, US Capital Advisors set a $85.00 price target on shares of Amphenol in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.
View Our Latest Stock Analysis on APH
Insiders Place Their Bets
In other news, insider William J. Doherty sold 126,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total value of $10,115,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D'amico sold 175,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,920,792. The trade was a 77.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 in the last three months. 1.67% of the stock is currently owned by insiders.
Amphenol Price Performance
Shares of NYSE APH opened at $93.32 on Tuesday. The firm has a 50-day simple moving average of $80.99 and a 200-day simple moving average of $73.08. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $112.88 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $94.83.
Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates 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%. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. On average, equities analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.
Amphenol Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol's payout ratio is currently 32.04%.
About Amphenol
(
Free Report)
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.
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