Hudson Valley Investment Advisors Inc. ADV Purchases New Position in Amphenol Co. (NYSE:APH)

Hudson Valley Investment Advisors Inc. ADV purchased a new stake in Amphenol Co. (NYSE:APH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 59,907 shares of the electronics maker's stock, valued at approximately $3,929,000.

Several other large investors have also added to or reduced their stakes in the business. Tacita Capital Inc increased its stake in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Amphenol in the 4th quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol in the 4th quarter valued at about $28,000. Rakuten Securities Inc. increased its stake in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Amphenol in the 4th quarter valued at about $44,000. Institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the sale, the insider now directly owns 447,790 shares of the company's stock, valued at $33,991,738.90. This represents a 46.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock valued at $294,839,785 in the last three months. Company insiders own 1.67% of the company's stock.

Amphenol Stock Up 1.0%

Amphenol stock opened at $93.42 on Friday. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $93.68. The firm has a market capitalization of $113.00 billion, a price-to-earnings ratio of 48.78, a P/E/G ratio of 1.92 and a beta of 1.10. 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 50 day simple moving average of $77.23 and a 200 day simple moving average of $72.24.

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. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates 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, analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Robert W. Baird raised their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Evercore ISI raised their price target on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research note on Thursday, April 24th. Finally, UBS Group raised their price target on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $86.31.

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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