Delta Investment Management LLC Buys 9,559 Shares of Amphenol Co. (NYSE:APH)

Delta Investment Management LLC grew its stake in shares of Amphenol Co. (NYSE:APH) by 168.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,229 shares of the electronics maker’s stock after buying an additional 9,559 shares during the period. Delta Investment Management LLC’s holdings in Amphenol were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Princeton Global Asset Management LLC raised its position in Amphenol by 0.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co increased its stake in shares of Amphenol by 23.0% in the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 147 shares during the last quarter. MJP Associates Inc. ADV raised its holdings 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 in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Amphenol by 3.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock worth $381,000 after buying an additional 173 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its stake in Amphenol by 3.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker’s stock valued at $363,000 after buying an additional 177 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider William J. Doherty sold 126,000 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. Insiders have sold 3,178,500 shares of company stock valued at $241,903,805 in the last ninety days. 1.67% of the stock is owned by company insiders.

Amphenol Stock Performance

Shares of APH stock opened at $86.27 on Tuesday. The stock has a market capitalization of $104.35 billion, a PE ratio of 45.05, a PEG ratio of 1.92 and a beta of 1.10. The business’s 50 day simple moving average is $70.88 and its 200 day simple moving average is $70.57. 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 Co. has a one year low of $54.77 and a one year high of $86.96.

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

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Tuesday, June 17th. Amphenol’s dividend payout ratio (DPR) is presently 32.04%.

Wall Street Analyst Weigh In

APH has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Citigroup increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target for the company in a report on Thursday, April 24th. UBS Group reissued a “buy” rating and set a $85.00 price objective (up previously from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Finally, TD Securities upped their target price on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.62.

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.