Wealth Enhancement Advisory Services LLC Decreases Stake in Amphenol Co. (NYSE:APH)

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Amphenol Co. (NYSE:APH) by 41.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 201,096 shares of the electronics maker’s stock after selling 143,699 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Amphenol were worth $13,966,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of APH. Tacita Capital Inc increased its stake 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 purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Amphenol during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. increased its stake in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Amphenol during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

APH has been the subject of several research analyst reports. The Goldman Sachs Group raised their price target on shares of Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. UBS Group raised their price target on shares of Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird raised their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. TD Securities raised their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Finally, Fox Advisors raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price objective for the company in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.38.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction 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 sale, the chief executive officer now directly owns 2,002,507 shares of the company’s stock, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the sale, the insider now directly owns 447,790 shares of the company’s stock, valued at $33,991,738.90. This represents a 46.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,218,500 shares of company stock valued at $245,455,405 in the last three months. Company insiders own 1.67% of the company’s stock.

Amphenol Stock Up 1.0%

Shares of NYSE:APH opened at $89.77 on Friday. The firm has a fifty day moving average price of $74.71 and a two-hundred day moving average price of $71.53. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a one year low of $54.77 and a one year high of $89.98. The company has a market cap of $108.59 billion, a price-to-earnings ratio of 46.88, a PEG ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating 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 firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the firm earned $0.40 EPS. The business’s quarterly revenue was up 47.7% compared to the same quarter last year. Analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.74%. The ex-dividend date is Tuesday, June 17th. Amphenol’s payout ratio is 32.04%.

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.