Sone Capital Management LLC Acquires Shares of 188,028 Amphenol Co. (NYSE:APH)

Sone Capital Management LLC bought a new position in shares of Amphenol Co. (NYSE:APH) during the fourth quarter, Holdings Channel.com reports. The firm bought 188,028 shares of the electronics maker’s stock, valued at approximately $13,059,000. Amphenol comprises 1.7% of Sone Capital Management LLC’s investment portfolio, making the stock its 13th largest position.

Other institutional investors have also recently made changes to their positions in the company. TrinityPoint Wealth LLC lifted its position in Amphenol by 100.4% during the 4th quarter. TrinityPoint Wealth LLC now owns 21,478 shares of the electronics maker’s stock valued at $1,492,000 after acquiring an additional 10,759 shares during the period. Strategic Global Advisors LLC lifted its holdings in shares of Amphenol by 4.1% during the fourth quarter. Strategic Global Advisors LLC now owns 115,804 shares of the electronics maker’s stock valued at $8,043,000 after purchasing an additional 4,587 shares during the last quarter. Tema Etfs LLC bought a new stake in shares of Amphenol in the 4th quarter worth approximately $401,000. Toronto Dominion Bank grew its stake in shares of Amphenol by 1.8% in the 4th quarter. Toronto Dominion Bank now owns 694,219 shares of the electronics maker’s stock worth $48,211,000 after buying an additional 12,131 shares during the last quarter. Finally, Shell Asset Management Co. increased its position in Amphenol by 85.9% during the 4th quarter. Shell Asset Management Co. now owns 153,332 shares of the electronics maker’s stock valued at $10,649,000 after buying an additional 70,869 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of APH opened at $86.89 on Monday. The firm has a fifty day simple moving average of $70.41 and a two-hundred day simple moving average of $70.44. The firm has a market cap of $105.10 billion, a PE ratio of 45.37, a P/E/G ratio of 1.92 and a beta of 1.10. 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 Co. has a 1-year low of $54.77 and a 1-year high of $86.96.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 earnings per share. On average, equities analysts anticipate 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. Investors of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s payout ratio is 32.04%.

Insider Activity at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. This represents a 49.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Lance E. D’amico sold 175,000 shares of Amphenol stock in a transaction 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 owns 51,400 shares in the company, valued at $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,178,500 shares of company stock worth $241,903,805. 1.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

APH has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Robert W. Baird upped their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Bank of America increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Citigroup lifted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. Finally, TD Securities increased their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $81.62.

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.