Headinvest LLC Sells 3,200 Shares of Amphenol Co. (NYSE:APH)

Headinvest LLC cut its holdings in Amphenol Co. (NYSE:APH - Free Report) by 23.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,400 shares of the electronics maker's stock after selling 3,200 shares during the period. Headinvest LLC's holdings in Amphenol were worth $722,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Tacita Capital Inc grew its position in Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after buying an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Amphenol during the fourth quarter worth about $28,000. Rialto Wealth Management LLC acquired a new stake in Amphenol during the fourth quarter worth about $28,000. Rakuten Securities Inc. grew its position in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after buying an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in Amphenol during the fourth quarter valued at approximately $32,000. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APH. TD Securities lifted their price objective on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. The Goldman Sachs Group lifted their price objective on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a report on Thursday, April 24th. Finally, Citigroup lifted their price objective on Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and a consensus target price of $81.62.

Insider Buying and Selling

In related news, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at $3,920,792. The trade was a 77.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This trade represents a 49.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock worth $241,903,805 in the last quarter. Insiders own 1.67% of the company's stock.

Amphenol Price Performance

Shares of APH traded up $0.38 on Friday, hitting $85.64. The company's stock had a trading volume of 4,476,000 shares, compared to its average volume of 7,496,367. The company has a market capitalization of $103.59 billion, a PE ratio of 44.72, a PEG ratio of 1.92 and a beta of 1.10. 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 Co. has a fifty-two week low of $54.77 and a fifty-two week high of $87.22. The company has a 50 day moving average price of $72.69 and a 200 day moving average price of $71.00.

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 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the business earned $0.40 EPS. Amphenol's revenue was up 47.7% compared to the same quarter last year. On average, research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.77%. The ex-dividend date is Tuesday, June 17th. 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.