Focus Partners Wealth Has $9.28 Million Stock Position in Amphenol Co. (NYSE:APH)

Focus Partners Wealth boosted its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,461 shares of the electronics maker's stock after purchasing an additional 6,573 shares during the period. Focus Partners Wealth's holdings in Amphenol were worth $9,279,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC boosted its position in Amphenol by 0.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock valued at $1,634,000 after purchasing an additional 136 shares during the last quarter. WASHINGTON TRUST Co raised its holdings in Amphenol by 23.0% during the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after buying an additional 147 shares in the last quarter. Fragasso Financial Advisors Inc raised its holdings in Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock valued at $266,000 after buying an additional 171 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in Amphenol by 3.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock valued at $381,000 after buying an additional 173 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its holdings in Amphenol by 3.5% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock valued at $363,000 after buying an additional 177 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of Amphenol stock traded up $0.92 during trading on Friday, reaching $86.89. The company's stock had a trading volume of 7,689,932 shares, compared to its average volume of 7,529,053. Amphenol Co. has a one year low of $54.77 and a one year high of $86.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm has a market cap of $105.10 billion, a price-to-earnings ratio of 45.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The business's fifty day moving average price is $70.41 and its 200-day moving average price is $70.40.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $0.40 earnings per share. The company's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.76%. Amphenol's dividend payout ratio is 32.04%.

Analyst Ratings Changes

APH has been the topic of several recent research reports. Truist Financial raised their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised 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. Bank of America raised their target price on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. TD Securities raised their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Robert W. Baird raised 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. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $81.62.

Insider Activity at Amphenol

In other Amphenol news, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the sale, the insider now directly owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. The trade was a 46.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $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 have sold 3,178,500 shares of company stock worth $241,903,805 over the last three months. Company insiders own 1.67% of the company's stock.

Amphenol 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.