B. Riley Wealth Management Inc. lessened its stake in shares of Amphenol Co. (NYSE:APH) by 1.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,143 shares of the electronics maker’s stock after selling 213 shares during the period. B. Riley Wealth Management Inc.’s holdings in Amphenol were worth $1,713,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thor Advisors LLC acquired a new position in Amphenol during the first quarter worth $32,000. Lindbrook Capital LLC acquired a new position in Amphenol during the fourth quarter worth $35,000. Bremer Bank National Association acquired a new position in Amphenol during the first quarter worth $45,000. Moody National Bank Trust Division raised its holdings in Amphenol by 103.9% during the first quarter. Moody National Bank Trust Division now owns 471 shares of the electronics maker’s stock worth $44,000 after buying an additional 240 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its holdings in Amphenol by 36.4% during the first quarter. Cornerstone Advisors Inc. now owns 517 shares of the electronics maker’s stock worth $49,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.
Several analysts have recently issued reports on APH shares. Morgan Stanley reduced their target price on shares of Amphenol from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Monday, June 10th. Evercore ISI started coverage on shares of Amphenol in a research note on Wednesday, June 5th. They issued an “outperform” rating and a $102.00 target price for the company. ValuEngine lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. SunTrust Banks upgraded shares of Amphenol from a “hold” rating to a “buy” rating and upped their target price for the stock from $89.00 to $112.00 in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Co set a $105.00 target price on shares of Amphenol and gave the stock a “buy” rating in a research note on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $104.63.
NYSE APH opened at $94.30 on Monday. Amphenol Co. has a 1 year low of $74.95 and a 1 year high of $105.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.50 and a quick ratio of 1.76. The firm has a market capitalization of $28.17 billion, a PE ratio of 24.49, a PEG ratio of 2.27 and a beta of 0.99.
Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01. Amphenol had a net margin of 14.55% and a return on equity of 29.75%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. Analysts forecast that Amphenol Co. will post 3.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 19th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.92 annualized dividend and a dividend yield of 0.98%. Amphenol’s payout ratio is 24.40%.
In related news, CFO Craig A. Lampo sold 51,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $100.10, for a total transaction of $5,105,100.00. Following the completion of the transaction, the chief financial officer now owns 49,405 shares in the company, valued at $4,945,440.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $99.58, for a total transaction of $19,916,000.00. Following the transaction, the chief executive officer now owns 200,000 shares of the company’s stock, valued at approximately $19,916,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 834,505 shares of company stock valued at $83,149,103. Company insiders own 2.60% of the company’s stock.
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Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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