EverSource Wealth Advisors LLC Boosts Stock Position in Amphenol Co. (NYSE:APH)

EverSource Wealth Advisors LLC raised its stake in shares of Amphenol Co. (NYSE:APHGet Rating) by 72.0% in the 1st quarter, Holdings Channel reports. The fund owned 621 shares of the electronics maker’s stock after acquiring an additional 260 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Amphenol were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. King Luther Capital Management Corp raised its stake in shares of Amphenol by 0.7% during the 4th quarter. King Luther Capital Management Corp now owns 19,913 shares of the electronics maker’s stock worth $1,742,000 after buying an additional 133 shares in the last quarter. Hall Laurie J Trustee raised its stake in shares of Amphenol by 0.4% during the 1st quarter. Hall Laurie J Trustee now owns 37,595 shares of the electronics maker’s stock worth $2,833,000 after buying an additional 145 shares in the last quarter. ICW Investment Advisors LLC raised its stake in shares of Amphenol by 2.6% during the 1st quarter. ICW Investment Advisors LLC now owns 5,741 shares of the electronics maker’s stock worth $433,000 after buying an additional 146 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Amphenol by 3.3% during the 1st quarter. Parallel Advisors LLC now owns 4,907 shares of the electronics maker’s stock worth $376,000 after buying an additional 156 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its stake in shares of Amphenol by 16.9% during the 1st quarter. Zions Bancorporation N.A. now owns 1,136 shares of the electronics maker’s stock worth $86,000 after buying an additional 164 shares in the last quarter. 93.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amphenol

In other news, insider Jean-Luc Gavelle sold 122,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $77.44, for a total transaction of $9,447,680.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Jean-Luc Gavelle sold 122,000 shares of Amphenol stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $77.44, for a total value of $9,447,680.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 20,000 shares of Amphenol stock in a transaction on Friday, July 29th. The shares were sold at an average price of $76.93, for a total value of $1,538,600.00. Following the completion of the transaction, the vice president now owns 25,700 shares in the company, valued at approximately $1,977,101. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on APH shares. JPMorgan Chase & Co. raised Amphenol from a “neutral” rating to an “overweight” rating and set a $83.00 target price for the company in a research note on Thursday, July 14th. UBS Group raised their price objective on Amphenol from $88.00 to $93.00 and gave the company a “buy” rating in a research note on Tuesday, August 23rd. StockNews.com raised Amphenol from a “hold” rating to a “buy” rating in a research note on Friday. Cowen dropped their price objective on Amphenol from $80.00 to $73.00 and set a “market perform” rating for the company in a research note on Friday, July 1st. Finally, The Goldman Sachs Group dropped their price objective on Amphenol from $87.00 to $83.00 in a research note on Wednesday, June 1st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.90.

Amphenol Price Performance

Shares of NYSE:APH opened at $72.73 on Friday. The business’s fifty day moving average price is $74.02 and its two-hundred day moving average price is $71.76. The stock has a market cap of $43.26 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.65 and a current ratio of 2.45. Amphenol Co. has a one year low of $61.67 and a one year high of $88.45.

Amphenol (NYSE:APHGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The electronics maker reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. Amphenol had a return on equity of 27.28% and a net margin of 15.00%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the firm earned $0.61 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. On average, analysts forecast that Amphenol Co. will post 2.94 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Tuesday, September 20th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, September 19th. Amphenol’s dividend payout ratio (DPR) is 27.97%.

About Amphenol

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Co. (NYSE:APHGet Rating).

Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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