Hennion & Walsh Asset Management Inc. Has $734,000 Stock Holdings in Amphenol Co. (NYSE:APH)

Hennion & Walsh Asset Management Inc. grew its stake in Amphenol Co. (NYSE:APH) by 72.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,196 shares of the electronics maker’s stock after purchasing an additional 4,712 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Amphenol were worth $734,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Raiffeisen Bank International AG bought a new position in Amphenol during the fourth quarter worth about $13,847,000. Consolidated Planning Corp boosted its stake in Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock worth $1,192,000 after acquiring an additional 4,631 shares during the last quarter. Kanawha Capital Management LLC grew its holdings in Amphenol by 4.5% during the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker’s stock valued at $10,547,000 after purchasing an additional 6,481 shares during the period. Revolve Wealth Partners LLC increased its stake in Amphenol by 87.9% in the fourth 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 in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Amphenol in the fourth quarter worth $60,000. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Lance E. D’amico sold 175,000 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,920,792. The trade was a 77.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the sale, the chief executive officer now directly owns 2,002,507 shares of the company’s stock, valued at $151,649,855.11. This represents a 49.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have 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 subject of several research analyst reports. UBS Group boosted their price target on shares of Amphenol from $85.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 30th. Evercore ISI boosted their target price on Amphenol from $88.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday. Fox Advisors raised Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a research report on Thursday, April 24th. Robert W. Baird lifted 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. Finally, The Goldman Sachs Group increased their target price on Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $86.31.

Amphenol Trading Up 1.0%

NYSE:APH opened at $93.42 on Friday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $93.68. The company has a market cap of $113.00 billion, a P/E ratio of 48.78, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The business has a 50 day moving average price of $77.23 and a two-hundred day moving average price of $72.25.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share 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 business 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 earnings per share. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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

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.