NFP Retirement Inc. Has $270,000 Stock Holdings in Amphenol Corporation (NYSE:APH)

NFP Retirement Inc. grew its stake in Amphenol Corporation (NYSE:APH) by 4.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,122 shares of the electronics maker’s stock after buying an additional 193 shares during the period. NFP Retirement Inc.’s holdings in Amphenol were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Independent Advisor Alliance increased its stake in shares of Amphenol by 1.7% in the first quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker’s stock valued at $471,000 after buying an additional 122 shares during the period. Forum Financial Management LP increased its stake in shares of Amphenol by 1.9% in the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker’s stock valued at $438,000 after buying an additional 126 shares during the period. Ironwood Investment Counsel LLC increased its stake in shares of Amphenol by 2.9% in the first quarter. Ironwood Investment Counsel LLC now owns 4,676 shares of the electronics maker’s stock valued at $307,000 after buying an additional 132 shares during the period. FourThought Financial Partners LLC increased its stake in shares of Amphenol by 4.1% in the first quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker’s stock valued at $231,000 after buying an additional 139 shares during the period. Finally, Gallacher Capital Management LLC increased its stake in shares of Amphenol by 4.6% in the first quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker’s stock valued at $210,000 after buying an additional 142 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In other news, insider William J. Doherty sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Luc Walter sold 286,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the transaction, the insider owned 451,790 shares in the company, valued at $41,307,159.70. This represents a 38.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 812,000 shares of company stock worth $77,703,320 over the last three months. Company insiders own 1.67% of the company’s stock.

Amphenol Stock Down 1.9%

Shares of NYSE:APH opened at $109.75 on Thursday. The business’s 50 day simple moving average is $100.21 and its two-hundred day simple moving average is $81.62. The firm has a market cap of $134.00 billion, a P/E ratio of 43.73, a PEG ratio of 1.82 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $112.35.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.15. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The company’s quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. As a group, research analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol’s dividend payout ratio (DPR) is currently 26.29%.

Analysts Set New Price Targets

Several equities research analysts recently commented on APH shares. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Evercore ISI raised their target price on Amphenol from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Truist Financial raised their target price on Amphenol from $102.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. UBS Group raised their target price on Amphenol from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Amphenol in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $104.92.

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.