TrinityPoint Wealth LLC Has $1.49 Million Stock Position in Amphenol Co. (NYSE:APH)

TrinityPoint Wealth LLC increased its position in shares of Amphenol Co. (NYSE:APH) by 100.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,478 shares of the electronics maker’s stock after buying an additional 10,759 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Amphenol were worth $1,492,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc raised its stake in 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 buying an additional 296 shares during the period. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol in the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. lifted its holdings in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in shares of Amphenol in the fourth quarter valued at approximately $32,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Robert W. Baird raised their target price on 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 raised their target price on Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Fox Advisors upgraded 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. Finally, Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.62.

Insider Transactions at Amphenol

In other news, insider William J. Doherty sold 126,000 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Silverman sold 87,500 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total value of $7,002,625.00. Following the completion of the transaction, the vice president now directly owns 12,500 shares of the company’s stock, valued at $1,000,375. The trade was a 87.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock valued at $241,903,805 over the last three months. Company insiders own 1.67% of the company’s stock.

Amphenol Price Performance

Shares of NYSE APH opened at $86.89 on Friday. The stock has a fifty day simple moving average of $70.41 and a two-hundred day simple moving average of $70.42. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $86.96. The firm has a market cap of $105.10 billion, a price-to-earnings ratio of 45.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last announced 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 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the company earned $0.40 earnings per share. Amphenol’s revenue was up 47.7% compared to the same quarter last year. Analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s payout ratio is currently 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.