Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $516,000 Holdings in Amphenol Corporation (NYSE:APH)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Amphenol Corporation (NYSE:APH) by 31.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 7,255 shares of the electronics maker’s stock after acquiring an additional 1,755 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Amphenol were worth $516,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Tacita Capital Inc lifted its position in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Rialto Wealth Management LLC acquired a new position in shares of Amphenol during the 4th quarter worth about $28,000. Rakuten Securities Inc. lifted its position in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Amphenol during the 4th quarter worth about $44,000. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Amphenol during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, insider Luc Walter sold 286,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the sale, the insider now directly owns 451,790 shares in the company, valued at $41,307,159.70. This represents a 38.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 126,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was 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 a total of 3,764,500 shares of company stock worth $294,839,785 in the last three months. Insiders own 1.67% of the company’s stock.

Amphenol Trading Up 0.8%

APH stock opened at $97.76 on Friday. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $98.07. The firm has a market cap of $118.24 billion, a P/E ratio of 47.45, a P/E/G ratio of 2.21 and a beta of 1.12. The business’s 50 day moving average is $86.34 and its 200-day moving average is $74.42. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. 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 company posted $0.40 EPS. The company’s revenue was up 47.7% compared to the same quarter last year. Equities analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. Amphenol’s dividend payout ratio (DPR) is presently 32.04%.

Wall Street Analysts Forecast Growth

APH has been the subject of several research analyst reports. TD Securities boosted their price objective on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. KGI Securities assumed coverage on Amphenol in a report on Thursday. They issued a “hold” rating for the company. Wall Street Zen raised Amphenol from a “hold” rating to a “buy” rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 price target on Amphenol in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

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.