Revolve Wealth Partners LLC Has $611,000 Stake in Amphenol Co. (NYSE:APH)

Revolve Wealth Partners LLC decreased its holdings in shares of Amphenol Co. (NYSE:APH) by 7.7% in the 1st quarter, Holdings Channel reports. The fund owned 9,318 shares of the electronics maker’s stock after selling 776 shares during the period. Revolve Wealth Partners LLC’s holdings in Amphenol were worth $611,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of APH. Norges Bank acquired a new position in Amphenol during the fourth quarter worth about $1,378,794,000. Bank of America Corp DE grew its holdings in shares of Amphenol by 294.0% during the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Amphenol by 619.9% during the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock worth $487,130,000 after purchasing an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker’s stock worth $503,975,000 after purchasing an additional 3,933,269 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH stock opened at $93.42 on Friday. The business’s 50 day simple moving average is $77.23 and its 200 day simple moving average is $72.25. Amphenol Co. has a one year low of $54.77 and a one year high of $93.68. The stock has a market capitalization of $113.00 billion, a PE ratio of 48.78, a PEG ratio of 1.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

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

Amphenol Announces Dividend

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

Insider Buying and Selling at Amphenol

In other news, insider Luc Walter sold 390,000 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at $33,991,738.90. This represents a 46.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

APH has been the topic of several research reports. The Goldman Sachs Group boosted their price target on Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. Evercore ISI boosted their price target on Amphenol from $88.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday. TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Finally, Robert W. Baird boosted their price target on Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $86.31.

About Amphenol

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.