3,021 Shares in Amphenol Co. (NYSE:APH) Bought by Colonial River Wealth Management LLC

Colonial River Wealth Management LLC acquired a new position in shares of Amphenol Co. (NYSE:APH – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,021 shares of the electronics maker’s stock, valued at approximately $230,000.

A number of other large investors also recently bought and sold shares of APH. American Trust increased its holdings in Amphenol by 0.3% in the third quarter. American Trust now owns 44,470 shares of the electronics maker’s stock worth $2,978,000 after buying an additional 125 shares during the last quarter. ICA Group Wealth Management LLC lifted its position in Amphenol by 2.5% in the third quarter. ICA Group Wealth Management LLC now owns 5,461 shares of the electronics maker’s stock worth $366,000 after purchasing an additional 134 shares during the period. TFG Advisers LLC lifted its position in Amphenol by 4.0% in the fourth quarter. TFG Advisers LLC now owns 3,726 shares of the electronics maker’s stock worth $284,000 after purchasing an additional 143 shares during the period. Checchi Capital Advisers LLC lifted its holdings in shares of Amphenol by 2.2% during the third quarter. Checchi Capital Advisers LLC now owns 6,915 shares of the electronics maker’s stock valued at $463,000 after acquiring an additional 147 shares during the period. Finally, Duncker Streett & Co. Inc. lifted its holdings in shares of Amphenol by 0.7% during the fourth quarter. Duncker Streett & Co. Inc. now owns 23,300 shares of the electronics maker’s stock valued at $1,774,000 after acquiring an additional 152 shares during the period. Hedge funds and other institutional investors own 94.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH traded up $2.11 during mid-day trading on Friday, hitting $76.05. The stock had a trading volume of 2,965,213 shares, compared to its average volume of 2,639,532. The firm has a market cap of $45.27 billion, a P/E ratio of 23.93, a PEG ratio of 3.01 and a beta of 1.23. The business has a fifty day moving average price of $76.90 and a 200-day moving average price of $78.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.64 and a quick ratio of 1.77. Amphenol Co. has a 52 week low of $61.67 and a 52 week high of $82.86.

Amphenol (NYSE:APH – Get Rating) last posted its earnings results on Wednesday, April 26th. The electronics maker reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. Amphenol had a return on equity of 27.10% and a net margin of 15.15%. The business had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. On average, equities research analysts expect that Amphenol Co. will post 2.84 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Shareholders of record on Tuesday, June 20th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, June 16th. Amphenol’s dividend payout ratio (DPR) is currently 27.18%.

Insiders Place Their Bets

In other Amphenol news, insider Jean-Luc Gavelle sold 184,100 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $74.67, for a total value of $13,746,747.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the subject of several analyst reports. StockNews.com assumed coverage on Amphenol in a research report on Thursday, May 18th. They set a “hold” rating for the company. Credit Suisse Group cut Amphenol from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $91.00 to $77.00 in a research note on Thursday, May 18th. Finally, Robert W. Baird decreased their target price on Amphenol from $91.00 to $87.00 in a report on Thursday, April 27th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amphenol has a consensus rating of “Hold” and an average price target of $84.56.

About Amphenol

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Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.