Amphenol Corporation (NYSE:APH) Shares Bought by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC significantly increased its stake in Amphenol Corporation by 146.1%, now owning 69,241 shares valued at approximately $4.54 million.
• Amphenol reported a 56.5% increase in revenue year-over-year, with earnings per share (EPS) of $0.81, exceeding analysts' expectations by $0.15.
• The company also announced a quarterly dividend of $0.165 per share, representing a 0.63% yield on an annualized basis.

HB Wealth Management LLC lifted its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 146.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,241 shares of the electronics maker's stock after purchasing an additional 41,106 shares during the period. HB Wealth Management LLC's holdings in Amphenol were worth $4,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Hughes Financial Services LLC purchased a new stake in shares of Amphenol in the 1st quarter valued at approximately $25,000. Global X Japan Co. Ltd. purchased a new stake in shares of Amphenol in the 1st quarter valued at approximately $44,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Amphenol in the 4th quarter valued at approximately $48,000. West Branch Capital LLC purchased a new stake in shares of Amphenol in the 1st quarter valued at approximately $57,000. Finally, Colonial Trust Co SC increased its stake in Amphenol by 342.9% during the 4th quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock worth $60,000 after buying an additional 672 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 100,000 shares of the stock in a transaction 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 sale, the vice president owned 12,500 shares in the company, valued at $1,113,625. This represents a 88.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 160,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Insiders have sold 799,500 shares of company stock worth $70,053,885 in the last quarter. 1.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent research reports. Citigroup upped their target price on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research note on Thursday, April 24th. Evercore ISI upped their target price on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Finally, US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $102.23.

Amphenol Stock Up 2.3%

Shares of NYSE APH traded up $2.42 during mid-day trading on Thursday, reaching $107.91. The company had a trading volume of 7,262,298 shares, compared to its average volume of 8,510,449. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The firm has a 50 day simple moving average of $96.19 and a two-hundred day simple moving average of $79.12. The stock has a market cap of $131.75 billion, a P/E ratio of 43.00, a PEG ratio of 1.76 and a beta of 1.13. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $108.85.

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

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.61%. Amphenol's dividend payout ratio is currently 26.29%.

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.