Ferguson Wellman Capital Management Inc. Takes Position in Amphenol Co. (NYSE:APH)

Ferguson Wellman Capital Management Inc. acquired a new stake in Amphenol Co. (NYSE:APH) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,966 shares of the electronics maker’s stock, valued at approximately $260,000.

Several other hedge funds also recently modified their holdings of APH. Tacita Capital Inc lifted its stake in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Amphenol in the 4th quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new stake in Amphenol in the 4th quarter valued at about $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, OFI Invest Asset Management acquired a new stake in Amphenol in the 4th quarter valued at about $44,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Evercore ISI raised their target price on shares of Amphenol from $88.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, June 5th. TD Securities raised their target price 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. Robert W. Baird raised their target price on shares of Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. UBS Group raised their price objective on shares of Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Finally, Wall Street Zen downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Saturday. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.00.

Amphenol Stock Down 2.3%

Shares of APH opened at $92.38 on Friday. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $94.83. The firm’s 50 day moving average is $80.32 and its 200-day moving average is $72.94. The stock has a market capitalization of $111.75 billion, a PE ratio of 48.24, a P/E/G ratio of 1.92 and a beta of 1.12. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was up 47.7% on a year-over-year basis. Equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. Amphenol’s dividend payout ratio is presently 32.04%.

Insider Transactions at Amphenol

In related news, VP Lance E. D’amico sold 175,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $76.28, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available 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 transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is currently owned by company insiders.

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.