GSB Wealth Management LLC increased its position in Amphenol Corporation (NYSE:APH - Free Report) by 16.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,282 shares of the electronics maker's stock after buying an additional 2,977 shares during the quarter. GSB Wealth Management LLC's holdings in Amphenol were worth $1,396,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. MJP Associates Inc. ADV raised its position in Amphenol by 2.3% in the fourth quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock valued at $509,000 after purchasing an additional 166 shares during the period. Capital Advisors Ltd. LLC grew its stake in shares of Amphenol by 34.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 763 shares of the electronics maker's stock valued at $53,000 after acquiring an additional 196 shares in the last quarter. Beverly Hills Private Wealth LLC grew its stake in shares of Amphenol by 1.4% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker's stock valued at $1,045,000 after acquiring an additional 203 shares in the last quarter. Key Financial Inc grew its stake in shares of Amphenol by 17.5% during the fourth quarter. Key Financial Inc now owns 1,398 shares of the electronics maker's stock valued at $97,000 after acquiring an additional 208 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its stake in shares of Amphenol by 6.8% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 3,309 shares of the electronics maker's stock valued at $217,000 after acquiring an additional 211 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.
Amphenol Price Performance
NYSE:APH traded up $0.31 during midday trading on Friday, hitting $93.78. 16,439,762 shares of the stock were exchanged, compared to its average volume of 7,576,986. Amphenol Corporation has a one year low of $54.77 and a one year high of $94.83. The company has a market capitalization of $113.44 billion, a price-to-earnings ratio of 45.53, a P/E/G ratio of 2.14 and a beta of 1.12. The business has a 50-day moving average price of $83.21 and a two-hundred day moving average price of $73.63. 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 (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $4.20 billion. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. Sell-side analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.
Amphenol Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.70%. Amphenol's dividend payout ratio (DPR) is 32.04%.
Insiders Place Their Bets
In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider now owns 451,790 shares in the company, valued at approximately $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on APH shares. TD Securities raised their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Wall Street Zen downgraded Amphenol from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Citigroup lifted their price target on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Finally, Evercore ISI upped their target price on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.00.
View Our Latest Research Report on Amphenol
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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