Hennion & Walsh Asset Management Inc. Grows Stock Holdings in Amphenol Co. (NYSE:APH)

Hennion & Walsh Asset Management Inc. raised its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 72.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,196 shares of the electronics maker's stock after buying an additional 4,712 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Amphenol were worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raiffeisen Bank International AG bought a new stake in Amphenol in the 4th quarter valued at $13,847,000. Consolidated Planning Corp increased its holdings in shares of Amphenol by 37.0% in the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after purchasing an additional 4,631 shares during the last quarter. Kanawha Capital Management LLC increased its holdings in shares of Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock worth $10,547,000 after purchasing an additional 6,481 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after buying an additional 4,721 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Amphenol during the fourth quarter valued at approximately $60,000. Institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

APH has been the topic of several research reports. Robert W. Baird boosted their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Evercore ISI boosted their target price on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a report on Thursday, April 24th. The Goldman Sachs Group boosted their price objective on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, TD Securities upped their price objective on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and a consensus target price of $86.31.

Amphenol Trading Down 0.4%

Shares of NYSE APH traded down $0.41 during midday trading on Monday, hitting $92.95. The company's stock had a trading volume of 7,701,672 shares, compared to its average volume of 7,484,166. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $94.14. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a market cap of $112.43 billion, a P/E ratio of 48.54, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The business's 50 day moving average is $77.23 and its two-hundred day moving average is $72.25.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business's revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. As a group, equities research analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. Amphenol's dividend payout ratio is currently 32.04%.

Insider Transactions at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction dated 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 $151,649,855.11. This represents a 49.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Luc Walter sold 286,000 shares of the business'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 disclosure for this sale can be found here. Over the last three months, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is currently owned by company insiders.

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.