MJP Associates Inc. ADV Has $509,000 Stake in Amphenol Co. (NYSE:APH)

MJP Associates Inc. ADV lifted its position in Amphenol Co. (NYSE:APH) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,324 shares of the electronics maker’s stock after purchasing an additional 166 shares during the quarter. MJP Associates Inc. ADV’s holdings in Amphenol were worth $509,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Blue Trust Inc. raised its stake in Amphenol by 208.8% during the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock worth $1,765,000 after acquiring an additional 18,322 shares in the last quarter. Spire Wealth Management boosted its holdings in Amphenol by 34.1% in the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock valued at $6,836,000 after acquiring an additional 25,007 shares during the last quarter. Consolidated Planning Corp boosted its holdings in Amphenol by 37.0% in the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock valued at $1,192,000 after acquiring an additional 4,631 shares during the last quarter. Pines Wealth Management LLC bought a new position in Amphenol in the fourth quarter valued at about $553,000. Finally, Kanawha Capital Management LLC boosted its holdings in Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker’s stock valued at $10,547,000 after acquiring an additional 6,481 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amphenol

In other news, insider Luc Walter sold 390,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the sale, the insider now owns 447,790 shares of the company’s stock, valued at $33,991,738.90. This represents a 46.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock valued at $241,903,805 over the last ninety days. 1.67% of the stock is owned by company insiders.

Amphenol Price Performance

NYSE APH opened at $80.78 on Monday. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $84.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The company has a market capitalization of $97.71 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The business’s fifty day moving average is $68.09 and its 200 day moving average is $69.84.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the firm earned $0.40 EPS. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. Sell-side analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, June 17th. Amphenol’s dividend payout ratio is presently 32.04%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Fox Advisors upgraded Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a research report on Thursday, April 24th. Bank of America raised their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. UBS Group reissued a “buy” rating and set a $85.00 target price (up from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Finally, Robert W. Baird upped their price objective on Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $81.62.

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.