Amphenol Co. (NYSE:APH) Shares Sold by Graypoint LLC

Graypoint LLC reduced its stake in shares of Amphenol Co. (NYSE:APH) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,328 shares of the electronics maker’s stock after selling 183 shares during the quarter. Graypoint LLC’s holdings in Amphenol were worth $231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Peoples Bank KS acquired a new stake in Amphenol during the 3rd quarter worth $27,000. Venturi Wealth Management LLC increased its stake in Amphenol by 75.5% in the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 142 shares during the period. Mendota Financial Group LLC acquired a new position in Amphenol in the fourth quarter valued at $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Amphenol in the third quarter valued at $34,000. Finally, Sunbelt Securities Inc. acquired a new position in Amphenol in the first quarter valued at $33,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Down 0.8 %

APH stock opened at $112.39 on Tuesday. The company has a market cap of $67.61 billion, a P/E ratio of 36.14, a P/E/G ratio of 3.23 and a beta of 1.30. Amphenol Co. has a 52 week low of $72.00 and a 52 week high of $119.59. The company’s 50-day moving average price is $110.31 and its 200 day moving average price is $97.96. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47.

Amphenol (NYSE:APH) last announced its quarterly 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 net margin of 15.36% and a return on equity of 23.94%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts expect that Amphenol Co. will post 3.28 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Analyst Upgrades and Downgrades

A number of research firms have commented on APH. Stifel Nicolaus lifted their price objective on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Citigroup lifted their price objective on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Evercore ISI boosted their price target on shares of Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Jefferies Financial Group assumed coverage on shares of Amphenol in a research note on Tuesday, April 9th. They set a “hold” rating and a $125.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price target on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Insider Buying and Selling at Amphenol

In related news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the transaction, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the transaction, the chief financial officer now directly owns 147,045 shares in the company, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Insiders have sold 305,000 shares of company stock valued at $31,846,050 over the last quarter. Corporate insiders own 2.22% 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.