Pinnacle Wealth Planning Services Inc. Reduces Stock Holdings in Amphenol Co. (NYSE:APH)

Pinnacle Wealth Planning Services Inc. trimmed its holdings in Amphenol Co. (NYSE:APH - Free Report) by 37.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,211 shares of the electronics maker's stock after selling 4,278 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in Amphenol were worth $501,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tacita Capital Inc boosted its position in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after buying an additional 296 shares during the period. Sierra Ocean LLC purchased a new position in shares of Amphenol in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in shares of Amphenol in the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. increased its stake in Amphenol by 703.8% during 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 during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in Amphenol during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

APH has been the topic of several analyst reports. UBS Group reiterated a "buy" rating and issued a $85.00 price objective (up from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased 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. Citigroup lifted their price objective on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research note on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 price target on shares of Amphenol in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and an average target price of $82.77.

Amphenol Stock Performance

Amphenol stock traded up $0.75 during mid-day trading on Thursday, reaching $88.88. 7,740,131 shares of the company were exchanged, compared to its average volume of 7,483,155. The firm has a market cap of $107.51 billion, a PE ratio of 46.41, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm's 50-day simple moving average is $73.92 and its two-hundred day simple moving average is $71.30. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $91.08.

Amphenol (NYSE:APH - Get Free Report) last posted 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 firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the firm posted $0.40 EPS. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. Equities analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.74%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insider Transactions at Amphenol

In other news, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the sale, the chief financial officer now directly owns 100,000 shares in the company, valued at $7,593,000. This represents a 80.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,178,500 shares of company stock worth $241,903,805 over the last quarter. 1.67% of the stock is currently owned by insiders.

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.