Peak Financial Advisors LLC Invests $2.96 Million in Amphenol Co. (NYSE:APH)

Peak Financial Advisors LLC acquired a new stake in Amphenol Co. (NYSE:APH - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 45,194 shares of the electronics maker's stock, valued at approximately $2,964,000. Amphenol makes up approximately 1.5% of Peak Financial Advisors LLC's investment portfolio, making the stock its 20th largest holding.

Other large investors also recently made changes to their positions in the company. LaFleur & Godfrey LLC increased its holdings in Amphenol by 1.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock valued at $3,945,000 after buying an additional 825 shares during the last quarter. Brighton Jones LLC boosted its stake in Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after purchasing an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after acquiring an additional 4,721 shares during the period. Catalina Capital Group LLC raised its holdings in shares of Amphenol by 4.6% in the 4th quarter. Catalina Capital Group LLC now owns 4,600 shares of the electronics maker's stock worth $319,000 after purchasing an additional 201 shares in the last quarter. Finally, Trust Point Inc. grew its holdings in shares of Amphenol by 15.0% in the 4th quarter. Trust Point Inc. now owns 10,376 shares of the electronics maker's stock worth $721,000 after acquiring an additional 1,357 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Up 0.9%

APH stock traded up $0.88 during midday trading on Friday, reaching $93.40. 2,596,747 shares of the company's stock traded hands, compared to its average volume of 7,461,644. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $93.68. The company has a market cap of $112.97 billion, a price-to-earnings ratio of 48.77, a P/E/G ratio of 1.92 and a beta of 1.10. The firm's fifty day moving average price is $76.68 and its 200-day moving average price is $72.09. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $4.20 billion. During the same period in the prior year, the firm posted $0.40 EPS. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of the sale, the vice president now owns 51,400 shares of the company's stock, valued at $3,920,792. The trade was a 77.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock worth $294,839,785 in the last ninety days. 1.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on APH shares. JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Robert W. Baird raised their price objective 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. TD Securities lifted their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. The Goldman Sachs Group increased their target price on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $86.31.

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.