OMNI 360 Wealth Inc. Purchases New Holdings in Amphenol Corporation (NYSE:APH)

OMNI 360 Wealth Inc. purchased a new stake in Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,574 shares of the electronics maker's stock, valued at approximately $234,000.

Several other hedge funds have also made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in Amphenol in the 4th quarter worth approximately $28,000. Rakuten Securities Inc. lifted its position in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after buying an additional 366 shares in the last quarter. OFI Invest Asset Management purchased a new stake in Amphenol in the 4th quarter worth approximately $44,000. Global X Japan Co. Ltd. purchased a new stake in Amphenol in the 1st quarter worth approximately $44,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Amphenol during the 4th quarter valued at $48,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 2,002,507 shares in the company, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lance E. D'amico sold 175,000 shares of the company'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 transaction of $13,349,000.00. Following the transaction, the vice president owned 51,400 shares in the company, valued at $3,920,792. The trade was a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on APH shares. UBS Group raised their price target on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a report on Friday, May 30th. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. TD Securities raised their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. US Capital Advisors set a $85.00 price target on shares of Amphenol in a report on Thursday, April 24th. Finally, Citigroup raised their price target on shares of Amphenol from $85.00 to $100.00 and gave the company 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.00.

Amphenol Price Performance

Shares of Amphenol stock opened at $98.22 on Tuesday. 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 firm's 50-day simple moving average is $89.61 and its 200-day simple moving average is $75.54. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $99.99. The firm has a market cap of $118.81 billion, a P/E ratio of 47.58, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13.

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, beating the consensus estimate 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 net margin of 15.58% and a return on equity of 27.68%. The firm's revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. As a group, research analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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 given 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 0.67%. Amphenol's dividend payout ratio (DPR) 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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