TrinityPoint Wealth LLC Increases Stake in Amphenol Co. (NYSE:APH)

TrinityPoint Wealth LLC lifted its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 100.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,478 shares of the electronics maker's stock after buying an additional 10,759 shares during the quarter. TrinityPoint Wealth LLC's holdings in Amphenol were worth $1,492,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in APH. Tacita Capital Inc raised its stake in shares of Amphenol by 328.9% during the 4th 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 acquired a new position in Amphenol in the 4th quarter valued at $28,000. Rialto Wealth Management LLC acquired a new position in Amphenol in the 4th quarter valued at $28,000. Rakuten Securities Inc. raised its stake 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, Hanson & Doremus Investment Management acquired a new position in Amphenol in the 4th quarter valued at $32,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Down 0.7%

Shares of NYSE APH traded down $0.59 during mid-day trading on Wednesday, reaching $85.70. 6,506,891 shares of the company's stock were exchanged, compared to its average volume of 7,520,486. The firm has a market capitalization of $103.66 billion, a price-to-earnings ratio of 44.75, a PEG 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. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $87.22. The company's 50-day moving average is $71.37 and its 200-day moving average is $70.68.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company's revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. Analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is 32.04%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. Robert W. Baird increased their price objective on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Thursday, April 24th. TD Securities increased their price objective on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.62.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the transaction, the chief executive officer now owns 2,002,507 shares of the company's stock, 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 sold 3,178,500 shares of company stock worth $241,903,805 in the last three months. 1.67% of the stock is owned by company 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.