Turtle Creek Wealth Advisors LLC Invests $3.35 Million in Amphenol Co. (NYSE:APH)

Turtle Creek Wealth Advisors LLC acquired a new position in Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,806 shares of the electronics maker's stock, valued at approximately $3,351,000. Amphenol makes up about 1.0% of Turtle Creek Wealth Advisors LLC's investment portfolio, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fortune Financial Advisors LLC bought a new position in Amphenol in the fourth quarter worth approximately $1,071,000. Perennial Advisors LLC lifted its holdings in Amphenol by 0.3% during the fourth quarter. Perennial Advisors LLC now owns 94,436 shares of the electronics maker's stock worth $9,362,000 after buying an additional 275 shares during the period. International Assets Investment Management LLC purchased a new stake in Amphenol during the fourth quarter worth $68,550,000. Strategic Blueprint LLC lifted its holdings in Amphenol by 2.4% during the fourth quarter. Strategic Blueprint LLC now owns 4,844 shares of the electronics maker's stock worth $480,000 after buying an additional 112 shares during the period. Finally, Valley National Advisers Inc. lifted its holdings in Amphenol by 16.7% during the fourth quarter. Valley National Advisers Inc. now owns 818 shares of the electronics maker's stock worth $81,000 after buying an additional 117 shares during the period. Institutional investors own 97.01% of the company's stock.

Insider Activity at Amphenol

In related news, insider Peter Straub sold 20,000 shares of the company's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Amphenol news, insider Peter Straub sold 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the sale, the chief financial officer now directly owns 147,045 shares in the company, valued at $15,391,200.15. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock valued at $31,846,050 in the last ninety days. Company insiders own 2.22% of the company's stock.

Amphenol Stock Down 1.4 %

Shares of APH traded down $1.63 during midday trading on Tuesday, hitting $114.99. 4,070,129 shares of the company's stock traded hands, compared to its average volume of 2,697,128. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. The firm's fifty day moving average is $109.14 and its 200-day moving average is $96.86. Amphenol Co. has a 1 year low of $72.00 and a 1 year high of $119.59. The stock has a market capitalization of $68.98 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 3.35 and a beta of 1.30.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the firm earned $0.78 EPS. The firm's revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Amphenol Co. will post 3.28 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Monday, March 18th. Amphenol's payout ratio is 28.30%.

Analyst Ratings Changes

APH has been the subject of a number of analyst reports. Citigroup upped their target price on Amphenol from $117.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, April 4th. Robert W. Baird upped their target price on Amphenol from $100.00 to $106.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. Jefferies Financial Group initiated coverage on Amphenol in a report on Tuesday. They set a "hold" rating and a $125.00 target price for the company. Stifel Nicolaus upped their target price on Amphenol from $88.00 to $95.00 and gave the stock a "hold" rating in a report on Thursday, January 25th. Finally, Evercore ISI increased their price objective on Amphenol from $110.00 to $125.00 and gave the company an "outperform" rating in a report on Monday, March 25th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.91.

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.