Phillips Wealth Planners LLC Increases Position in Amphenol Corporation (NYSE:APH)

Phillips Wealth Planners LLC grew its stake in Amphenol Corporation (NYSE:APH) by 71.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,381 shares of the electronics maker’s stock after acquiring an additional 2,236 shares during the quarter. Phillips Wealth Planners LLC’s holdings in Amphenol were worth $352,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raiffeisen Bank International AG acquired a new stake in shares of Amphenol in the 4th quarter worth $13,847,000. Assenagon Asset Management S.A. boosted its position in shares of 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. Revolve Wealth Partners LLC boosted its position 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 worth $701,000 after purchasing an additional 4,721 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Amphenol in the 4th quarter worth $60,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Amphenol by 21.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 243,765 shares of the electronics maker’s stock worth $15,989,000 after purchasing an additional 42,669 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the sale, the vice president now directly owns 152,412 shares in the company, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the sale, the insider now owns 447,790 shares of the company’s stock, valued at approximately $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last 90 days. Corporate insiders own 1.67% of the company’s stock.

Amphenol Stock Performance

NYSE APH opened at $97.07 on Thursday. The stock has a 50-day simple moving average of $85.05 and a two-hundred day simple moving average of $74.09. The firm has a market capitalization of $117.42 billion, a P/E ratio of 47.12, a PEG ratio of 2.18 and a beta of 1.12. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $97.41. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99.

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 analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the business posted $0.40 EPS. The company’s revenue was up 47.7% on a year-over-year basis. On average, equities analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared 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 0.68%. Amphenol’s dividend payout ratio is presently 32.04%.

Analyst Ratings Changes

APH has been the subject of a number of recent analyst reports. Wall Street Zen raised Amphenol from a “hold” rating to a “buy” rating in a research report on Sunday. Evercore ISI raised their price objective on Amphenol from $88.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, June 5th. TD Securities lifted their price target on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. US Capital Advisors set a $85.00 price target on Amphenol in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price 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.