Simon Quick Advisors LLC Purchases 1,433 Shares of Amphenol Co. (NYSE:APH)

Simon Quick Advisors LLC boosted its holdings in Amphenol Co. (NYSE:APH) by 18.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,311 shares of the electronics maker’s stock after buying an additional 1,433 shares during the period. Simon Quick Advisors LLC’s holdings in Amphenol were worth $611,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Baker Ellis Asset Management LLC acquired a new stake in Amphenol in the 1st quarter valued at $262,000. Assenagon Asset Management S.A. raised its stake in Amphenol by 4.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker’s stock worth $4,061,000 after purchasing an additional 2,514 shares in the last quarter. Integrated Advisors Network LLC raised its position in shares of Amphenol by 83.0% in the 1st quarter. Integrated Advisors Network LLC now owns 5,518 shares of the electronics maker’s stock valued at $362,000 after buying an additional 2,502 shares in the last quarter. Trueblood Wealth Management LLC increased its position in Amphenol by 48.5% during the 1st quarter. Trueblood Wealth Management LLC now owns 13,190 shares of the electronics maker’s stock worth $865,000 after purchasing an additional 4,306 shares in the last quarter. Finally, Oak Family Advisors LLC increased its position in Amphenol by 476.3% during the 1st quarter. Oak Family Advisors LLC now owns 71,435 shares of the electronics maker’s stock worth $4,685,000 after purchasing an additional 59,039 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction dated Friday, April 25th. The shares were 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 directly owns 2,002,507 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, insider Luc Walter sold 286,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the sale, the insider now directly owns 451,790 shares in the company, valued at approximately $41,307,159.70. The trade was a 38.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, 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.

Amphenol Trading Down 2.3%

Shares of Amphenol stock opened at $92.38 on Friday. The firm has a market cap of $111.75 billion, a PE ratio of 48.24, a PEG ratio of 1.92 and a beta of 1.12. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $94.83. The company has a 50 day simple moving average of $80.32 and a two-hundred day simple moving average of $72.94. 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 posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue was up 47.7% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. Analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol’s payout ratio is currently 32.04%.

Analyst Ratings Changes

APH has been the topic of a number of analyst reports. Citigroup upped their price objective on shares of Amphenol from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price for the company in a report on Thursday, April 24th. Wall Street Zen downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a report on Saturday. Finally, The Goldman Sachs Group raised their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday. 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.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

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.