Spire Wealth Management Reduces Stock Holdings in Amphenol Corporation (NYSE:APH)

Spire Wealth Management reduced its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 20.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,982 shares of the electronics maker's stock after selling 20,450 shares during the period. Spire Wealth Management's holdings in Amphenol were worth $5,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in APH. Raiffeisen Bank International AG acquired a new position in Amphenol during the fourth quarter worth $13,847,000. Assenagon Asset Management S.A. increased its position in shares of Amphenol by 4.2% in the first quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after buying an additional 2,514 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after buying an additional 4,721 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Amphenol in the 4th quarter worth about $60,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Amphenol by 21.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 243,765 shares of the electronics maker's stock valued at $15,989,000 after acquiring an additional 42,669 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Up 0.8%

NYSE APH traded up $0.78 during trading hours on Friday, hitting $97.76. 19,776,547 shares of the company's stock were exchanged, compared to its average volume of 7,692,992. The business's 50 day moving average is $86.34 and its 200-day moving average is $74.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $98.07. The firm has a market capitalization of $118.24 billion, a P/E ratio of 47.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last announced 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 net margin of 15.58% and a return on equity of 27.68%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the firm posted $0.40 EPS. The company's revenue was up 47.7% on a year-over-year basis. As a group, analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.68%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the business'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 completion of the sale, the chief executive officer now owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the transaction, the insider now owns 451,790 shares in the company, valued at $41,307,159.70. The trade was a 38.76% 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 in the last ninety days. Insiders own 1.67% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on APH shares. Citigroup upped their price target on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Evercore ISI lifted their price objective on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Robert W. Baird increased their target price on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

About Amphenol

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.