SG Americas Securities LLC Has $8.22 Million Stock Position in Amphenol Co. (NYSE:APH)

SG Americas Securities LLC increased its position in Amphenol Co. (NYSE:APH) by 422.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,365 shares of the electronics maker’s stock after purchasing an additional 101,365 shares during the quarter. SG Americas Securities LLC’s holdings in Amphenol were worth $8,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co increased its position in Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock worth $55,000 after purchasing an additional 147 shares during the period. MJP Associates Inc. ADV grew its position in shares of Amphenol by 2.3% during the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker’s stock worth $509,000 after buying an additional 166 shares during the period. Capital Advisors Ltd. LLC grew its position in shares of Amphenol by 34.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 763 shares of the electronics maker’s stock worth $53,000 after buying an additional 196 shares during the period. Beverly Hills Private Wealth LLC grew its position in shares of Amphenol by 1.4% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker’s stock worth $1,045,000 after buying an additional 203 shares during the period. Finally, Catalyst Financial Partners LLC grew its position in shares of Amphenol by 4.3% during the 4th quarter. Catalyst Financial Partners LLC now owns 4,994 shares of the electronics maker’s stock worth $347,000 after buying an additional 208 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In other news, 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 sale, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. This represents a 49.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Luc Walter sold 286,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the sale, the insider now owns 451,790 shares in the company, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,764,500 shares of company stock worth $294,839,785. Corporate insiders own 1.67% of the company’s stock.

Amphenol Trading Up 0.6%

NYSE:APH opened at $93.00 on Thursday. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $94.11. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market capitalization of $112.49 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The business’s 50-day simple moving average is $79.00 and its 200-day simple moving average is $72.66.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. Sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced 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 payout ratio is 32.04%.

Analyst Ratings Changes

Several research firms have recently issued reports on APH. Evercore ISI boosted their target price on Amphenol from $88.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, June 5th. Fox Advisors upgraded Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price for the company in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a research report on Thursday, April 24th. TD Securities boosted their target price on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group boosted their target price on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and eight have assigned 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 price target of $88.00.

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.