Hohimer Wealth Management LLC Purchases New Position in Amphenol Corporation (NYSE:APH)

Hohimer Wealth Management LLC purchased a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,373 shares of the electronics maker's stock, valued at approximately $549,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new position in Amphenol during the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. purchased a new stake in Amphenol during the first quarter valued at approximately $44,000. Coppell Advisory Solutions LLC bought a new stake in shares of Amphenol in the 4th quarter valued at approximately $48,000. Colonial Trust Co SC lifted its stake in shares of Amphenol by 342.9% in the 4th quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock valued at $60,000 after purchasing an additional 672 shares during the last quarter. Finally, West Branch Capital LLC bought a new stake in shares of Amphenol in the 1st quarter valued at approximately $57,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

APH has been the subject of several analyst reports. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a research note on Friday. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a report on Thursday, April 24th. Robert W. Baird raised their price objective on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Evercore ISI lifted their price target on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Finally, KGI Securities assumed coverage on Amphenol in a report on Thursday, June 26th. They issued a "hold" rating on the stock. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and an average target price of $91.64.

Insider Transactions at Amphenol

In related news, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was 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 owned 100,000 shares in the company, valued at $7,593,000. The trade was a 80.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the sale, the vice president owned 51,400 shares of the company's stock, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock worth $294,839,785 over the last quarter. Company insiders own 1.67% of the company's stock.

Amphenol Stock Performance

Shares of APH opened at $100.28 on Tuesday. The stock has a 50-day moving average of $91.60 and a two-hundred day moving average of $76.49. Amphenol Corporation has a one year low of $54.77 and a one year high of $101.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The stock has a market cap of $121.29 billion, a P/E ratio of 48.68, a P/E/G ratio of 2.26 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The company's revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the business posted $0.40 EPS. As a group, research 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 was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were paid a $0.165 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.66%. Amphenol's dividend payout ratio is presently 32.04%.

About Amphenol

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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