Wealth Enhancement Advisory Services LLC reduced its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 41.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,096 shares of the electronics maker's stock after selling 143,699 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Amphenol were worth $13,966,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in APH. LaFleur & Godfrey LLC raised its position in shares of Amphenol by 1.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock valued at $3,945,000 after purchasing an additional 825 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after acquiring an additional 9,390 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 period. Perigon Wealth Management LLC raised its position in Amphenol by 12.9% during the fourth quarter. Perigon Wealth Management LLC now owns 13,474 shares of the electronics maker's stock worth $941,000 after acquiring an additional 1,540 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol in the fourth quarter worth approximately $32,000. Institutional investors own 97.01% of the company's stock.
Wall Street Analysts Forecast Growth
APH has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on 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. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. The Goldman Sachs Group raised their price target on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, TD Securities upped 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. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and an average target price of $84.38.
Check Out Our Latest Stock Report on APH
Amphenol Stock Performance
Shares of Amphenol stock traded up $0.49 during trading on Wednesday, reaching $92.17. The company's stock had a trading volume of 2,044,966 shares, compared to its average volume of 7,461,384. The company has a 50-day moving average price of $75.64 and a two-hundred day moving average price of $71.79. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $92.87. The firm has a market cap of $111.49 billion, a PE ratio of 48.13, a P/E/G ratio of 1.92 and a beta of 1.10. 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 announced its quarterly earnings data 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. On average, analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.
Amphenol Announces Dividend
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 issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.72%. Amphenol's payout ratio is 32.04%.
Insiders Place Their Bets
In related news, CFO Craig A. Lampo sold 400,000 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the sale, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at approximately $7,593,000. This trade represents a 80.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock worth $294,839,785 over the last three months. 1.67% of the stock is owned by insiders.
Amphenol Company Profile
(
Free Report)
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.
See Also
Before you consider Amphenol, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amphenol wasn't on the list.
While Amphenol currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
