Wealth Enhancement Advisory Services LLC increased its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 21.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,765 shares of the electronics maker's stock after buying an additional 42,669 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Amphenol were worth $15,989,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in APH. Norges Bank purchased a new stake in shares of Amphenol in the 4th quarter worth about $1,378,794,000. Bank of America Corp DE boosted its position in shares of Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after buying an additional 18,619,417 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after buying an additional 15,837,407 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after purchasing an additional 6,039,845 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Amphenol by 118.4% in the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after purchasing an additional 3,933,269 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have issued reports on APH. US Capital Advisors set a $85.00 target price on shares of Amphenol in a 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. Citigroup upped their target price on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. The Goldman Sachs Group upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a report on Sunday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.00.
Get Our Latest Report on APH
Insider Buying and Selling
In other Amphenol news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value 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. This represents a 38.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is currently owned by corporate insiders.
Amphenol Trading Up 0.3%
NYSE APH opened at $93.78 on Monday. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $94.83. The company has a 50-day moving average of $83.21 and a 200-day moving average of $73.63. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The company has a market cap of $113.44 billion, a P/E ratio of 45.53, a P/E/G ratio of 2.14 and a beta of 1.12.
Amphenol (NYSE:APH - Get Free Report) last posted its earnings results 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. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The company's revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. As a group, equities analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current year.
Amphenol Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.
About Amphenol
(
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.
Further Reading
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