Greenwich Wealth Management LLC Acquires 10,174 Shares of Amphenol Co. (NYSE:APH)

Greenwich Wealth Management LLC lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 97.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,580 shares of the electronics maker’s stock after purchasing an additional 10,174 shares during the period. Greenwich Wealth Management LLC’s holdings in Amphenol were worth $1,386,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in APH. Beacon Capital Management LLC grew its stake in shares of Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC increased its stake in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares during the period. Sachetta LLC boosted its stake in shares of Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the period. Frazier Financial Advisors LLC purchased a new position in shares of Amphenol in the fourth quarter worth $29,000. Finally, Opal Wealth Advisors LLC bought a new stake in Amphenol during the 2nd quarter valued at $29,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

APH stock opened at $63.58 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The firm has a market capitalization of $76.57 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.45 and a beta of 1.24. The firm has a 50 day moving average price of $64.61 and a 200-day moving average price of $62.76. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities research analysts forecast that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.04%. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Insider Transactions at Amphenol

In related news, insider Luc Walter sold 170,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the completion of the sale, the insider now owns 447,790 shares of the company’s stock, valued at $28,703,339. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Lance E. D’amico sold 90,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Luc Walter sold 170,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at $28,703,339. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Bank of America cut shares of Amphenol from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $80.00 to $71.00 in a research report on Wednesday, September 4th. UBS Group increased their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. TD Cowen boosted their target price on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. Citigroup upped their target price on Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $65.04.

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.