Walter & Keenan Wealth Management LLC IN ADV Has $462,000 Holdings in Amphenol Corporation (NYSE:APH)

Walter & Keenan Wealth Management LLC IN ADV lifted its holdings in shares of Amphenol Corporation (NYSE:APH) by 4.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,044 shares of the electronics maker’s stock after purchasing an additional 327 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Amphenol were worth $462,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of APH. LaFleur & Godfrey LLC lifted its holdings in shares of Amphenol by 1.5% during the fourth quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker’s stock worth $3,945,000 after purchasing an additional 825 shares during the period. Brighton Jones LLC lifted its holdings in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock worth $1,224,000 after purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Amphenol by 87.9% during the fourth 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 during the period. Principal Securities Inc. lifted its holdings in shares of Amphenol by 44.3% during the fourth quarter. Principal Securities Inc. now owns 18,166 shares of the electronics maker’s stock worth $1,262,000 after purchasing an additional 5,574 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of Amphenol by 53.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 5,644 shares of the electronics maker’s stock worth $392,000 after purchasing an additional 1,961 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other Amphenol news, insider Luc Walter sold 286,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 451,790 shares of the company’s stock, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 175,000 shares of the company’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,920,792. The trade was a 77.30% 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 valued at $294,839,785 over the last three months. Corporate insiders own 1.67% of the company’s stock.

Amphenol Trading Up 0.6%

NYSE:APH opened at $93.33 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The firm has a 50-day moving average of $82.64 and a 200-day moving average of $73.50. The company has a market cap of $112.89 billion, a PE ratio of 45.31, a PEG ratio of 2.13 and a beta of 1.12. Amphenol Corporation has a one year low of $54.77 and a one year high of $94.83.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. As a group, equities research analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s payout ratio is presently 32.04%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on APH shares. Robert W. Baird boosted their target price on shares of Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Citigroup boosted their target price on shares of Amphenol from $85.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. Finally, Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.