Congress Asset Management Co. Sells 869 Shares of Amphenol Co. (NYSE:APH)

Congress Asset Management Co. reduced its stake in Amphenol Co. (NYSE:APH) by 0.3% during the 1st quarter, HoldingsChannel reports. The firm owned 306,765 shares of the electronics maker’s stock after selling 869 shares during the quarter. Congress Asset Management Co.’s holdings in Amphenol were worth $20,121,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of APH. LaFleur & Godfrey LLC grew its stake in shares of Amphenol by 1.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker’s stock valued at $3,945,000 after purchasing an additional 825 shares during the period. Brighton Jones LLC grew its stake in shares of Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after purchasing an additional 4,721 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Amphenol by 28.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 127,101 shares of the electronics maker’s stock worth $8,951,000 after acquiring an additional 28,118 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in shares of Amphenol by 3.5% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker’s stock worth $363,000 after acquiring an additional 177 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Up 1.0%

NYSE:APH opened at $93.42 on Friday. The stock’s fifty day moving average price is $77.23 and its two-hundred day moving average price is $72.25. The company has a market cap of $113.00 billion, a price-to-earnings ratio of 48.78, a P/E/G ratio of 1.92 and a beta of 1.12. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $93.68. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. On average, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol’s payout ratio is 32.04%.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 175,000 shares of the company’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,920,792. The trade was a 77.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the company’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the sale, the insider now owns 447,790 shares of the company’s stock, valued at $33,991,738.90. The trade was a 46.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,764,500 shares of company stock worth $294,839,785. Insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent analyst reports. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Evercore ISI boosted their target price on Amphenol from $88.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group boosted their target price on Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, May 30th. TD Securities boosted their target price on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Finally, The Goldman Sachs Group boosted their target price on Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $86.31.

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.