Thrive Wealth Management LLC Sells 363 Shares of Amphenol Co. (NYSE:APH)

Thrive Wealth Management LLC lowered its position in Amphenol Co. (NYSE:APH) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,658 shares of the electronics maker’s stock after selling 363 shares during the quarter. Thrive Wealth Management LLC’s holdings in Amphenol were worth $905,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Lincoln National Corp grew its position in Amphenol by 2.9% during the first quarter. Lincoln National Corp now owns 5,023 shares of the electronics maker’s stock worth $410,000 after buying an additional 141 shares in the last quarter. Silvercrest Asset Management Group LLC grew its position in Amphenol by 0.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 39,482 shares of the electronics maker’s stock worth $3,226,000 after buying an additional 142 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in Amphenol by 16.9% during the first quarter. Zions Bancorporation N.A. now owns 1,136 shares of the electronics maker’s stock worth $86,000 after purchasing an additional 164 shares during the last quarter. Resources Investment Advisors LLC. lifted its stake in Amphenol by 2.4% during the first quarter. Resources Investment Advisors LLC. now owns 7,249 shares of the electronics maker’s stock worth $592,000 after purchasing an additional 167 shares during the last quarter. Finally, MCF Advisors LLC lifted its stake in Amphenol by 129.0% during the first quarter. MCF Advisors LLC now owns 300 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 169 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on APH shares. StockNews.com assumed coverage on Amphenol in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Robert W. Baird raised their price target on shares of Amphenol from $89.00 to $100.00 in a research report on Thursday, July 27th. Bank of America raised their price target on shares of Amphenol from $90.00 to $100.00 in a research report on Thursday, July 27th. Truist Financial lifted their target price on shares of Amphenol from $93.00 to $101.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Stifel Nicolaus lifted their target price on shares of Amphenol from $80.00 to $88.00 in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.25.

Amphenol Stock Performance

Shares of NYSE:APH traded up $0.60 during mid-day trading on Monday, reaching $86.32. The company had a trading volume of 158,961 shares, compared to its average volume of 2,519,356. The company has a current ratio of 2.33, a quick ratio of 1.60 and a debt-to-equity ratio of 0.52. The firm has a market cap of $51.49 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 3.40 and a beta of 1.24. The company’s 50-day moving average price is $86.67 and its 200-day moving average price is $81.18. Amphenol Co. has a one year low of $65.21 and a one year high of $90.28.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Amphenol had a net margin of 15.15% and a return on equity of 25.85%. During the same quarter in the previous year, the firm posted $0.75 EPS. Amphenol’s revenue was down 2.6% on a year-over-year basis. As a group, equities research analysts anticipate that Amphenol Co. will post 2.92 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Tuesday, September 19th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.84 dividend on an annualized basis and a yield of 0.97%. Amphenol’s dividend payout ratio is 27.36%.

Insider Activity at Amphenol

In related news, VP Lance E. D’amico sold 75,000 shares of Amphenol stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $88.71, for a total value of $6,653,250.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,279,847. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Lance E. D’amico sold 75,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $88.71, for a total value of $6,653,250.00. Following the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at $2,279,847. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Luc Walter sold 264,962 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $87.32, for a total transaction of $23,136,481.84. Following the completion of the transaction, the insider now directly owns 197,962 shares in the company, valued at approximately $17,286,041.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,339,962 shares of company stock worth $117,480,732. Corporate insiders own 2.22% 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.