Amphenol Co. (NYSE:APH) Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC decreased its holdings in Amphenol Co. (NYSE:APH) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,554 shares of the electronics maker’s stock after selling 209 shares during the quarter. RWA Wealth Partners LLC’s holdings in Amphenol were worth $749,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC grew its position in Amphenol by 1.3% during the 3rd quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock worth $4,661,480,000 after purchasing an additional 691,964 shares in the last quarter. JPMorgan Chase & Co. grew its position in Amphenol by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock worth $1,283,360,000 after purchasing an additional 653,354 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Amphenol by 4.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,145,093 shares of the electronics maker’s stock worth $1,104,056,000 after purchasing an additional 564,110 shares in the last quarter. Flossbach Von Storch AG grew its position in Amphenol by 1.9% during the 3rd quarter. Flossbach Von Storch AG now owns 7,908,317 shares of the electronics maker’s stock worth $664,220,000 after purchasing an additional 151,058 shares in the last quarter. Finally, Northern Trust Corp grew its position in Amphenol by 6.0% during the 3rd quarter. Northern Trust Corp now owns 6,195,739 shares of the electronics maker’s stock worth $520,380,000 after purchasing an additional 351,353 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APH. Jefferies Financial Group began coverage on shares of Amphenol in a report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price target on the stock. The Goldman Sachs Group boosted their price target on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Bank of America boosted their price target on shares of Amphenol from $117.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Robert W. Baird boosted their price target on shares of Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.75.

Amphenol Stock Up 1.8 %

APH stock opened at $116.31 on Thursday. The firm has a market cap of $69.97 billion, a PE ratio of 37.40, a PEG ratio of 3.00 and a beta of 1.30. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. Amphenol Co. has a 1 year low of $72.00 and a 1 year high of $119.59. The company has a fifty day simple moving average of $111.48 and a 200 day simple moving average of $99.30.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. Sell-side analysts anticipate that Amphenol Co. will post 3.28 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio is 28.30%.

Amphenol declared that its Board of Directors has approved a share buyback plan on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Amphenol news, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock valued at $31,846,050 in the last quarter. Insiders own 1.80% of the company’s stock.

Amphenol Company Profile

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.