Focus Partners Wealth Purchases 6,573 Shares of Amphenol Co. (NYSE:APH)

Focus Partners Wealth lifted its position in shares of Amphenol Co. (NYSE:APH) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 133,461 shares of the electronics maker’s stock after buying 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 and hedge funds also recently made changes to their positions in APH. Tacita Capital Inc lifted its holdings 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 acquiring an additional 296 shares during the period. Sierra Ocean LLC bought a new position in Amphenol in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new position in Amphenol in the 4th quarter valued at approximately $28,000. Rakuten Securities Inc. lifted 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 bought a new position in Amphenol in the 4th quarter valued at approximately $32,000. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on APH shares. The Goldman Sachs Group increased their price objective on shares of Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. TD Securities increased their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. UBS Group reissued a “buy” rating and issued a $85.00 price objective (up previously from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. Citigroup raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Finally, Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $81.62.

Amphenol Trading Up 1.5%

APH opened at $85.75 on Wednesday. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $86.80. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average of $68.97 and a 200-day moving average of $70.05. The stock has a market cap of $103.72 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 earnings per share. On average, sell-side analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

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

Insider Buying and Selling at Amphenol

In related news, VP Lance E. D’amico sold 175,000 shares of the firm’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $151,460,000.00. Following the transaction, 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. Over the last three months, insiders have sold 3,178,500 shares of company stock valued at $241,903,805. Corporate insiders own 1.67% of the company’s stock.

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.