Western Financial Corp CA Cuts Stake in Amphenol Corporation (NYSE:APH)

Western Financial Corp CA cut its holdings in Amphenol Corporation (NYSE:APH) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,413 shares of the electronics maker’s stock after selling 509 shares during the period. Western Financial Corp CA’s holdings in Amphenol were worth $814,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in APH. LaFleur & Godfrey LLC boosted its holdings in Amphenol by 1.5% during the 4th quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker’s stock valued at $3,945,000 after acquiring an additional 825 shares during the period. Brighton Jones LLC lifted its position in Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after purchasing an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after purchasing an additional 4,721 shares during the period. IFP Advisors Inc grew its holdings in shares of Amphenol by 47.3% in the fourth quarter. IFP Advisors Inc now owns 3,891 shares of the electronics maker’s stock worth $270,000 after purchasing an additional 1,249 shares during the last quarter. Finally, FourThought Financial Partners LLC bought a new stake in Amphenol during the 4th quarter valued at $235,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Trading Up 1.3%

Shares of NYSE APH opened at $97.07 on Thursday. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $97.41. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The firm has a 50-day moving average of $85.05 and a 200 day moving average of $74.09. The stock has a market cap of $117.42 billion, a P/E ratio of 47.12, a price-to-earnings-growth ratio of 2.18 and a beta of 1.12.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business’s revenue was up 47.7% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. As a group, sell-side analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s dividend payout ratio (DPR) is 32.04%.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company’s stock in a transaction dated 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 owns 2,002,507 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. Also, insider Luc Walter sold 286,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the transaction, the insider now directly owns 451,790 shares in the company, valued at approximately $41,307,159.70. The trade was a 38.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. Company insiders own 1.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Securities raised their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. The Goldman Sachs Group increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Fox Advisors upgraded Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. Finally, UBS Group lifted their price objective on Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.00.

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.