Baer Investment Advisory LLC purchased a new stake in Amphenol Co. (NYSE:APH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 43,042 shares of the electronics maker's stock, valued at approximately $2,972,000. Amphenol accounts for approximately 6.2% of Baer Investment Advisory LLC's investment portfolio, making the stock its 8th biggest position.
A number of other institutional investors have also recently bought and sold shares of the stock. LaFleur & Godfrey LLC lifted its holdings in shares of Amphenol by 1.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock valued at $3,945,000 after purchasing an additional 825 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Amphenol by 1.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 292,194 shares of the electronics maker's stock valued at $20,293,000 after buying an additional 4,956 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after buying an additional 9,390 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in Amphenol by 2.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 7,592 shares of the electronics maker's stock valued at $527,000 after purchasing an additional 200 shares in the last quarter. Finally, Private Capital Advisors Inc. acquired a new stake in Amphenol in the fourth quarter valued at approximately $16,596,000. Hedge funds and other institutional investors own 97.01% of the company's stock.
Wall Street Analyst Weigh In
APH has been the subject of a number of analyst reports. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Thursday, April 24th. The Goldman Sachs Group upped their target price on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Citigroup boosted their price target on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday. Finally, TD Securities boosted their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $82.77.
Check Out Our Latest Stock Analysis on APH
Insider Buying and Selling at Amphenol
In related news, insider Luc Walter sold 390,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the sale, the insider now directly owns 447,790 shares in the company, valued at approximately $33,991,738.90. The trade was a 46.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the transaction, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at approximately $7,593,000. This trade represents a 80.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock valued at $241,903,805 in the last quarter. 1.67% of the stock is currently owned by insiders.
Amphenol Stock Up 3.2%
Shares of APH traded up $2.73 during mid-day trading on Tuesday, hitting $88.28. 7,492,159 shares of the company's stock were exchanged, compared to its average volume of 7,496,350. The company has a market cap of $106.78 billion, a PE ratio of 46.10, a P/E/G ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $88.54. The company has a 50-day simple moving average of $73.05 and a 200 day simple moving average of $71.06. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.
Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business's quarterly revenue was up 47.7% on a year-over-year basis. During the same period last year, the business earned $0.40 EPS. On average, research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.75%. Amphenol's dividend payout ratio is presently 32.04%.
Amphenol Profile
(
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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