Aaron Wealth Advisors LLC Trims Stock Position in Amphenol Corporation (NYSE:APH)

Aaron Wealth Advisors LLC reduced its stake in shares of Amphenol Corporation (NYSE:APH) by 18.3% during the first quarter, Holdings Channel reports. The firm owned 5,524 shares of the electronics maker’s stock after selling 1,241 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Amphenol were worth $362,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new position in Amphenol during the 4th quarter valued at $28,000. Rakuten Securities Inc. boosted its holdings in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after buying an additional 366 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Amphenol during the 4th quarter valued at $44,000. Global X Japan Co. Ltd. bought a new stake in shares of Amphenol during the 1st quarter valued at $44,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of Amphenol during the 4th quarter valued at $48,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amphenol

In other news, insider Luc Walter sold 390,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the transaction, the insider owned 447,790 shares in the company, valued at $33,991,738.90. This represents a 46.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer owned 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on APH. 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. The Goldman Sachs Group boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. 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. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Finally, UBS Group upped their price target on shares of Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.00.

Amphenol Price Performance

Shares of NYSE:APH opened at $99.36 on Friday. The firm’s 50 day moving average price is $88.68 and its 200-day moving average price is $75.10. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $99.71. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $120.19 billion, a PE ratio of 48.23, a price-to-earnings-growth ratio of 2.24 and a beta of 1.13.

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

Amphenol Announces Dividend

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 paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s dividend payout ratio (DPR) is presently 32.04%.

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.