West Coast Financial LLC trimmed its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 40.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,163 shares of the electronics maker's stock after selling 98,851 shares during the period. Amphenol makes up about 1.1% of West Coast Financial LLC's portfolio, making the stock its 22nd biggest position. West Coast Financial LLC's holdings in Amphenol were worth $9,652,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of APH. Tacita Capital Inc lifted its stake in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares during the period. Sierra Ocean LLC acquired a new position in shares of Amphenol in the 4th quarter valued at $28,000. Rialto Wealth Management LLC acquired a new position in shares of Amphenol in the 4th quarter valued at $28,000. Rakuten Securities Inc. lifted its stake in shares of 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 period. Finally, OFI Invest Asset Management acquired a new position in shares of Amphenol in the 4th quarter valued at $44,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Amphenol
In related news, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 451,790 shares of the company's stock, valued at approximately $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 over the last 90 days. 1.67% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts recently issued reports on APH shares. Robert W. Baird boosted 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 boosted their target price on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. TD Securities boosted 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. Evercore ISI boosted 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. Finally, The Goldman Sachs Group upped their price objective on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $86.31.
View Our Latest Analysis on APH
Amphenol Price Performance
Shares of Amphenol stock traded up $0.90 during trading hours on Friday, reaching $93.42. 4,289,285 shares of the company's stock were exchanged, compared to its average volume of 7,483,293. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $93.68. The company has a market capitalization of $113.00 billion, a P/E ratio of 48.78, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The business has a fifty day moving average of $77.23 and a two-hundred day moving average of $72.25. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.
Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The company's revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal 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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol's payout ratio is 32.04%.
About Amphenol
(
Free Report)
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.
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