Simplicity Wealth LLC Acquires Shares of 14,064 Amphenol Co. (NYSE:APH)

Simplicity Wealth LLC acquired a new position in shares of Amphenol Co. (NYSE:APH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,064 shares of the electronics maker's stock, valued at approximately $922,000.

A number of other institutional investors also recently made changes to their positions in APH. WASHINGTON TRUST Co grew its position in Amphenol by 23.0% during the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock worth $55,000 after buying an additional 147 shares in the last quarter. MJP Associates Inc. ADV grew its holdings in shares of Amphenol by 2.3% during the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock worth $509,000 after purchasing an additional 166 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Amphenol by 34.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 763 shares of the electronics maker's stock worth $53,000 after purchasing an additional 196 shares during the period. Beverly Hills Private Wealth LLC raised its stake in Amphenol by 1.4% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker's stock valued at $1,045,000 after purchasing an additional 203 shares in the last quarter. Finally, Catalyst Financial Partners LLC lifted its position in Amphenol by 4.3% during the fourth quarter. Catalyst Financial Partners LLC now owns 4,994 shares of the electronics maker's stock worth $347,000 after purchasing an additional 208 shares during the period. Institutional investors own 97.01% of the company's stock.

Insider Transactions at Amphenol

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the sale, the vice president now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction dated 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 now owns 2,002,507 shares in the company, valued at $151,649,855.11. This represents a 49.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 over the last three months. 1.67% of the stock is owned by company insiders.

Analyst Ratings Changes

APH has been the subject of a number of research analyst reports. Citigroup boosted their price target on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. UBS Group boosted their target price on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. lifted 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. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. Finally, Evercore ISI raised their target price on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and an average target price of $88.00.

Amphenol Trading Up 1.6%

NYSE:APH traded up $1.45 during trading hours on Thursday, hitting $94.52. 5,848,166 shares of the company were exchanged, compared to its average volume of 7,505,128. The stock has a market capitalization of $114.33 billion, a price-to-earnings ratio of 49.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. Amphenol Co. has a one year low of $54.77 and a one year high of $95.98. The company has a fifty day simple moving average of $79.00 and a 200 day simple moving average of $72.66. The company has a current ratio of 2.37, a quick ratio of 1.75 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 return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the company earned $0.40 earnings per share. The firm's revenue was up 47.7% compared to the same quarter last year. Sell-side analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

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.