Sheaff Brock Investment Advisors LLC Takes Position in Amphenol Corporation (NYSE:APH)

Key Points

• Sheaff Brock Investment Advisors LLC acquired 9,800 shares of Amphenol Corporation valued at roughly $643,000 during the first quarter.
• Several institutional investors increased their stakes in Amphenol, with 97.01% of the company's stock now owned by institutional investors.
• Amphenol reported a significant 56.5% year-over-year revenue increase, achieving $5.65 billion, and exceeded earnings expectations with $0.81 earnings per share.

Sheaff Brock Investment Advisors LLC bought a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,800 shares of the electronics maker's stock, valued at approximately $643,000.

Several other large investors have also recently modified their holdings of the stock. Hughes Financial Services LLC purchased a new position in Amphenol during the 1st quarter valued at $25,000. Global X Japan Co. Ltd. purchased a new position in Amphenol during the 1st quarter valued at $44,000. Coppell Advisory Solutions LLC purchased a new position in Amphenol during the 4th quarter valued at $48,000. Colonial Trust Co SC boosted its holdings in Amphenol by 342.9% during the 4th quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock valued at $60,000 after acquiring an additional 672 shares during the period. Finally, West Branch Capital LLC purchased a new position in Amphenol during the 1st quarter valued at $57,000. Institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In related news, VP Michael R. Ivas sold 40,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the sale, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. This represents a 20.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP David M. Silverman sold 100,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the sale, the vice president owned 12,500 shares of the company's stock, valued at $1,113,625. This trade represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 799,500 shares of company stock valued at $70,053,885. Company insiders own 1.67% of the company's stock.

Analyst Ratings Changes

APH has been the subject of a number of recent analyst reports. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a report on Friday, July 11th. TD Securities boosted their price objective on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a report on Thursday, April 24th. Evercore ISI upped their target price on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Finally, KGI Securities initiated coverage on Amphenol in a report on Thursday, June 26th. They issued a "hold" rating for the company. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $102.23.

Amphenol Trading Up 1.7%

Shares of NYSE APH opened at $106.77 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The stock has a market capitalization of $129.15 billion, a P/E ratio of 42.54, a price-to-earnings-growth ratio of 1.84 and a beta of 1.13. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $108.85. The business has a fifty day moving average price of $95.41 and a 200 day moving average price of $78.76.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The firm's quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. Equities research analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is currently 26.29%.

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.

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