Sagespring Wealth Partners LLC Buys 5,796 Shares of Amphenol Corporation (NYSE:APH)

Sagespring Wealth Partners LLC increased its stake in Amphenol Corporation (NYSE:APH - Free Report) by 71.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,911 shares of the electronics maker's stock after buying an additional 5,796 shares during the quarter. Sagespring Wealth Partners LLC's holdings in Amphenol were worth $912,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Tacita Capital Inc increased 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 acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Amphenol during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC bought a new stake in Amphenol in the fourth quarter valued at $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 valued at $29,000 after purchasing an additional 366 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in Amphenol in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 286,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the transaction, the insider now directly owns 451,790 shares in the company, valued at $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president now owns 152,412 shares in the company, valued at approximately $13,532,661.48. This trade represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group boosted their price target on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Wall Street Zen downgraded Amphenol from a "buy" rating to a "hold" rating in a report on Saturday. TD Securities raised their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Evercore ISI lifted their target price on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Finally, Robert W. Baird boosted their price target on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Five equities 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.00.

Amphenol Stock Performance

APH traded up $0.53 on Wednesday, hitting $93.33. The company had a trading volume of 9,920,535 shares, compared to its average volume of 7,559,957. The company's fifty day moving average price is $81.51 and its 200 day moving average price is $73.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $94.83. The stock has a market cap of $112.89 billion, a price-to-earnings ratio of 45.31, a price-to-earnings-growth ratio of 2.13 and a beta of 1.12.

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, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the previous year, the firm earned $0.40 EPS. The firm's revenue was up 47.7% compared to the same quarter last year. Equities analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business 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. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is presently 32.04%.

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.