Whittier Trust Co. of Nevada Inc. Has $2.34 Million Holdings in Amphenol Co. (APH)

Whittier Trust Co. of Nevada Inc. raised its position in shares of Amphenol Co. (NYSE:APH) by 9.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,767 shares of the electronics maker’s stock after acquiring an additional 2,218 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Amphenol were worth $2,339,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC bought a new position in Amphenol during the fourth quarter valued at $35,000. Moody National Bank Trust Division grew its holdings in shares of Amphenol by 103.9% in the first quarter. Moody National Bank Trust Division now owns 471 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 240 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Amphenol by 189.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 547 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 358 shares during the last quarter. Bremer Trust National Association bought a new position in shares of Amphenol in the fourth quarter worth about $46,000. Finally, Athena Capital Advisors LLC bought a new position in shares of Amphenol in the fourth quarter worth about $48,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

In related news, VP Jean-Luc Gavelle sold 31,000 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $94.00, for a total value of $2,914,000.00. Following the completion of the sale, the vice president now directly owns 31,000 shares of the company’s stock, valued at $2,914,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $95.42, for a total transaction of $954,200.00. Following the completion of the sale, the vice president now directly owns 12,000 shares of the company’s stock, valued at $1,145,040. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,000 shares of company stock valued at $4,916,500. 2.34% of the stock is owned by insiders.

A number of research analysts have recently commented on the stock. ValuEngine upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. SunTrust Banks upgraded shares of Amphenol from a “hold” rating to a “buy” rating and upped their price target for the stock from $89.00 to $112.00 in a report on Tuesday, April 2nd. Wells Fargo & Co set a $105.00 price target on shares of Amphenol and gave the stock a “buy” rating in a report on Monday, March 18th. Morgan Stanley upped their price target on shares of Amphenol from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Finally, Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Wednesday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $105.29.

NYSE:APH opened at $99.97 on Monday. Amphenol Co. has a 1-year low of $74.95 and a 1-year high of $105.51. The stock has a market capitalization of $29.79 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. The company has a quick ratio of 1.36, a current ratio of 2.50 and a debt-to-equity ratio of 0.85.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.89 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts predict that Amphenol Co. will post 3.88 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 24.40%.

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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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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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