TD Private Client Wealth LLC Lowers Stock Holdings in Amphenol Corporation (NYSE:APH)

TD Private Client Wealth LLC reduced its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,073 shares of the electronics maker's stock after selling 9,677 shares during the period. TD Private Client Wealth LLC's holdings in Amphenol were worth $3,875,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in APH. Rialto Wealth Management LLC acquired a new position in Amphenol in the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. lifted its holdings in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares during the last quarter. OFI Invest Asset Management acquired a new position in Amphenol in the fourth quarter valued at approximately $44,000. Global X Japan Co. Ltd. acquired a new position in Amphenol during the first quarter worth $44,000. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Amphenol during the fourth quarter worth $48,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Shares of NYSE APH traded up $0.43 during midday trading on Friday, reaching $98.74. 6,716,903 shares of the company were exchanged, compared to its average volume of 7,679,562. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $99.99. The stock has a fifty day simple moving average of $91.20 and a 200 day simple moving average of $76.22. The stock has a market cap of $119.44 billion, a P/E ratio of 47.93, a PEG ratio of 2.25 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the company posted $0.40 earnings per share. The business's revenue was up 47.7% on a year-over-year basis. On average, research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Insider Activity at Amphenol

In other news, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the sale, the chief financial officer directly owned 100,000 shares in the company, valued at approximately $7,593,000. This trade represents a 80.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction that occurred 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 sale, the vice president owned 152,412 shares of the company's stock, 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. In the last 90 days, insiders sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

APH has been the subject of several research analyst reports. Robert W. Baird raised their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. KGI Securities initiated coverage on Amphenol in a research report on Thursday, June 26th. They set a "hold" rating for the company. TD Securities increased their price objective on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.15.

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.