MorganRosel Wealth Management LLC Acquires 4,927 Shares of Amphenol Corporation (NYSE:APH)

MorganRosel Wealth Management LLC raised its position in Amphenol Corporation (NYSE:APH - Free Report) by 31.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,519 shares of the electronics maker's stock after buying an additional 4,927 shares during the quarter. MorganRosel Wealth Management LLC's holdings in Amphenol were worth $1,346,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its stake in shares of Amphenol by 1.8% in the first quarter. Valley National Advisers Inc. now owns 30,102 shares of the electronics maker's stock valued at $1,973,000 after buying an additional 520 shares during the period. Northwest Wealth Management LLC bought a new stake in shares of Amphenol during the 1st quarter valued at $213,000. Eads & Heald Wealth Management grew its holdings in shares of Amphenol by 0.6% during the 1st quarter. Eads & Heald Wealth Management now owns 40,073 shares of the electronics maker's stock worth $2,628,000 after purchasing an additional 238 shares in the last quarter. Albion Financial Group UT increased its position in shares of Amphenol by 31,950.9% in the first quarter. Albion Financial Group UT now owns 159,293 shares of the electronics maker's stock worth $10,448,000 after purchasing an additional 158,796 shares during the period. Finally, Amalgamated Bank raised its stake in Amphenol by 1.4% in the first quarter. Amalgamated Bank now owns 253,419 shares of the electronics maker's stock valued at $16,622,000 after purchasing an additional 3,387 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Trading Down 1.3%

Amphenol stock traded down $1.32 during trading hours on Tuesday, reaching $97.43. 6,782,237 shares of the company's stock were exchanged, compared to its average volume of 7,623,727. The firm has a market capitalization of $117.85 billion, a PE ratio of 47.30, a PEG ratio of 2.25 and a beta of 1.13. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The firm's 50 day simple moving average is $87.04 and its 200 day simple moving average is $74.61. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $99.01.

Amphenol (NYSE:APH - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm's revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. Research analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently declared 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. This represents a $0.66 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is currently 32.04%.

Insider Activity

In other Amphenol news, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the sale, the insider owned 447,790 shares of the company's stock, valued at approximately $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 shares were 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 represents a 77.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. Corporate insiders own 1.67% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on APH. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group upped their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. KGI Securities initiated coverage on Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating on the stock. Finally, Citigroup boosted their price target on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $88.00.

Amphenol 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.