Northwest Wealth Management LLC Acquires New Stake in Amphenol Corporation (NYSE:APH)

Northwest Wealth Management LLC acquired a new stake in Amphenol Corporation (NYSE:APH - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,241 shares of the electronics maker's stock, valued at approximately $213,000.

Other institutional investors have also bought and sold shares of the company. Tacita Capital Inc lifted its stake in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares during the last quarter. Rialto Wealth Management LLC purchased a new position in Amphenol in the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. lifted its stake in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares during the last quarter. OFI Invest Asset Management purchased a new position in Amphenol in the fourth quarter valued at approximately $44,000. Finally, Global X Japan Co. Ltd. purchased a new position in Amphenol in the first quarter valued at approximately $44,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Trading Up 0.8%

Amphenol stock opened at $97.76 on Monday. The stock has a market cap of $118.24 billion, a P/E ratio of 47.45, a PEG ratio of 2.23 and a beta of 1.12. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $98.84. The firm's fifty day moving average price is $86.34 and its 200-day moving average price is $74.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business's quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. Equities research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. Amphenol's dividend payout ratio is presently 32.04%.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Luc Walter sold 286,000 shares of the company'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 sale, the insider now owns 451,790 shares of the company's stock, valued at approximately $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last 90 days. 1.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Robert W. Baird increased their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Evercore ISI increased their target price on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. TD Securities increased their target price on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, US Capital Advisors set a $85.00 target price on Amphenol in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and an average target price of $88.00.

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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