Resonant Capital Advisors LLC Cuts Position in Amphenol Co. (NYSE:APH)

Resonant Capital Advisors LLC lessened its position in shares of Amphenol Co. (NYSE:APH) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,441 shares of the electronics maker’s stock after selling 593 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Amphenol were worth $839,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Peoples Bank KS purchased a new position in Amphenol during the 3rd quarter valued at approximately $27,000. Mendota Financial Group LLC bought a new stake in shares of Amphenol in the 4th quarter valued at approximately $33,000. Venturi Wealth Management LLC lifted its stake in shares of Amphenol by 75.5% in the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 142 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Amphenol by 70.8% in the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 138 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of Amphenol in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Lance E. D’amico sold 15,000 shares of Amphenol stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock valued at $31,846,050 in the last ninety days. Corporate insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Amphenol in a research note on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price objective for the company. The Goldman Sachs Group raised their price objective on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Robert W. Baird raised their price objective on Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Evercore ISI raised their price objective on Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Finally, UBS Group raised their price objective on Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $113.75.

Amphenol Trading Down 0.6 %

Shares of NYSE APH opened at $110.21 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $110.87 and a two-hundred day simple moving average of $98.54. The firm has a market cap of $66.30 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 3.16 and a beta of 1.30. Amphenol Co. has a twelve month low of $72.00 and a twelve month high of $119.59.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. Amphenol’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. Analysts expect that Amphenol Co. will post 3.28 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

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.