Amphenol Corporation (NYSE:APH) Shares Sold by Hemenway Trust Co LLC

Hemenway Trust Co LLC cut its stake in Amphenol Corporation (NYSE:APH) by 2.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,805 shares of the electronics maker’s stock after selling 805 shares during the period. Hemenway Trust Co LLC’s holdings in Amphenol were worth $1,889,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of APH. GSB Wealth Management LLC lifted its stake in shares of Amphenol by 16.3% during the first quarter. GSB Wealth Management LLC now owns 21,282 shares of the electronics maker’s stock worth $1,396,000 after buying an additional 2,977 shares during the period. Birch Hill Investment Advisors LLC raised its stake in Amphenol by 35.5% in the 1st quarter. Birch Hill Investment Advisors LLC now owns 787,726 shares of the electronics maker’s stock worth $51,667,000 after acquiring an additional 206,458 shares during the last quarter. Wendell David Associates Inc. lifted its position in Amphenol by 66.2% during the 1st quarter. Wendell David Associates Inc. now owns 38,780 shares of the electronics maker’s stock worth $2,544,000 after acquiring an additional 15,450 shares during the period. Bfsg LLC grew its stake in Amphenol by 0.7% during the 1st quarter. Bfsg LLC now owns 97,986 shares of the electronics maker’s stock valued at $6,427,000 after purchasing an additional 657 shares during the last quarter. Finally, Sagespring Wealth Partners LLC increased its holdings in shares of Amphenol by 71.4% in the first quarter. Sagespring Wealth Partners LLC now owns 13,911 shares of the electronics maker’s stock valued at $912,000 after purchasing an additional 5,796 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

APH opened at $92.68 on Wednesday. The firm has a fifty day moving average price of $81.51 and a 200 day moving average price of $73.22. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $94.83. The stock has a market cap of $112.10 billion, a P/E ratio of 44.99, a P/E/G ratio of 2.13 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36.

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 analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The company’s revenue was up 47.7% compared to the same quarter last year. Equities research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

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 issued a $0.165 dividend. 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 0.71%. Amphenol’s payout ratio is 32.04%.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 390,000 shares of the company’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the transaction, the insider now directly owns 447,790 shares in the company, valued at approximately $33,991,738.90. This represents a 46.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William J. Doherty sold 160,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

APH has been the subject of a number of research reports. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Wall Street Zen cut shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Saturday. Evercore ISI upped their price objective on shares of Amphenol from $88.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, June 5th. UBS Group raised their target price on shares of Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Finally, 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 research report on Tuesday, June 10th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price 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.