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

Simplicity Solutions LLC reduced its holdings in shares of Amphenol Co. (NYSE:APH) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 15,238 shares of the electronics maker’s stock after selling 114 shares during the period. Simplicity Solutions LLC’s holdings in Amphenol were worth $1,511,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Peoples Bank KS purchased a new position in Amphenol during the third quarter worth $27,000. Mendota Financial Group LLC acquired a new position in Amphenol in the 4th quarter valued at about $33,000. Venturi Wealth Management LLC boosted its stake in shares of Amphenol by 75.5% during the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 142 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Amphenol in the first quarter valued at approximately $33,000. Finally, Altshuler Shaham Ltd acquired a new stake in Amphenol during the fourth quarter worth approximately $33,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Amphenol from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Evercore ISI lifted their price target on Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, March 25th. The Goldman Sachs Group increased their price objective on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Jefferies Financial Group assumed coverage on shares of Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 target price for the company. Finally, Stifel Nicolaus increased their price target on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Amphenol Price Performance

Amphenol stock opened at $112.39 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $67.61 billion, a P/E ratio of 36.14, a PEG ratio of 3.23 and a beta of 1.30. The firm has a fifty day moving average of $110.31 and a 200-day moving average of $97.96. Amphenol Co. has a 52-week low of $72.00 and a 52-week high of $119.59.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 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 company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the company posted $0.78 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts predict that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Dividend Announcement

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

Insider Transactions at Amphenol

In related news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,000 shares of company stock valued at $31,846,050. 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.