Legacy Capital Group California Inc. Acquires Shares of 6,608 Amphenol Co. (NYSE:APH)

Legacy Capital Group California Inc. bought a new position in shares of Amphenol Co. (NYSE:APH) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,608 shares of the electronics maker’s stock, valued at approximately $561,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich boosted its position in Amphenol by 87,837.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 88,111,001 shares of the electronics maker’s stock valued at $7,485,030,000 after buying an additional 88,010,804 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of Amphenol by 95,441.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,868,807 shares of the electronics maker’s stock valued at $1,055,971,000 after purchasing an additional 13,854,291 shares during the period. Norges Bank bought a new position in Amphenol in the fourth quarter worth approximately $653,884,000. Envestnet Asset Management Inc. increased its holdings in Amphenol by 400.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 9,634,009 shares of the electronics maker’s stock worth $151,492,000 after purchasing an additional 7,708,450 shares during the period. Finally, Morgan Stanley raised its position in Amphenol by 44.1% during the 4th quarter. Morgan Stanley now owns 10,811,475 shares of the electronics maker’s stock valued at $823,186,000 after purchasing an additional 3,310,939 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Amphenol Stock Up 0.2 %

Shares of APH stock traded up $0.15 during trading hours on Friday, reaching $89.70. 3,221,530 shares of the company’s stock were exchanged, compared to its average volume of 2,559,766. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.50. The company has a market cap of $53.67 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 3.76 and a beta of 1.26. Amphenol Co. has a fifty-two week low of $72.00 and a fifty-two week high of $90.28. The stock’s 50 day moving average is $83.77 and its 200-day moving average is $82.89.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 25th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.10 billion. Amphenol had a return on equity of 24.57% and a net margin of 15.41%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. Analysts predict that Amphenol Co. will post 2.96 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 19th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Monday, December 18th. This is an increase from Amphenol’s previous quarterly dividend of $0.21. Amphenol’s payout ratio is currently 28.39%.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 50,000 shares of Amphenol stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $88.57, for a total transaction of $4,428,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP David M. Silverman sold 75,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $89.51, for a total value of $6,713,250.00. Following the transaction, the vice president now owns 7,000 shares in the company, valued at approximately $626,570. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider William J. Doherty sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $88.57, for a total transaction of $4,428,500.00. The disclosure for this sale can be found here. 2.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com assumed coverage on Amphenol in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Robert W. Baird upped their price target on shares of Amphenol from $89.00 to $100.00 in a research report on Thursday, July 27th. BNP Paribas began coverage on shares of Amphenol in a research note on Thursday, October 5th. They set an “outperform” rating and a $93.00 price objective on the stock. UBS Group boosted their price objective on shares of Amphenol from $88.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Bank of America lifted their price target on Amphenol from $90.00 to $100.00 in a report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.25.

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.