GSB Wealth Management LLC Buys 2,977 Shares of Amphenol Corporation (NYSE:APH)

GSB Wealth Management LLC grew its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 16.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,282 shares of the electronics maker's stock after acquiring an additional 2,977 shares during the period. GSB Wealth Management LLC's holdings in Amphenol were worth $1,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MJP Associates Inc. ADV lifted its position in Amphenol by 2.3% during 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 lifted its position in 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 purchasing an additional 196 shares during the period. Beverly Hills Private Wealth LLC lifted its position in 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 purchasing an additional 203 shares during the period. Key Financial Inc lifted its position in 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 purchasing an additional 208 shares during the period. Finally, Relyea Zuckerberg Hanson LLC lifted its position in 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 purchasing an additional 211 shares during the period. Institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In related news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the sale, the insider now owns 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The sale 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 the company's stock in a transaction dated 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 now directly owns 152,412 shares of the company's stock, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last 90 days. Insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on APH shares. Robert W. Baird boosted their target price on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. The Goldman Sachs Group boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Wall Street Zen downgraded shares of Amphenol from a "buy" rating to a "hold" rating in a research report on Saturday. TD Securities boosted their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Finally, Evercore ISI upped their price objective on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $88.00.

Amphenol Trading Down 0.8%

Shares of Amphenol stock opened at $92.68 on Wednesday. The firm has a 50-day simple moving average of $81.51 and a two-hundred day simple moving average of $73.22. The company has a market cap of $112.10 billion, a P/E ratio of 44.99, a price-to-earnings-growth ratio of 2.13 and a beta of 1.12. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $94.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99.

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 for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The company's revenue for the quarter was up 47.7% on a year-over-year basis. As a group, equities analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Amphenol Company 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.

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