Amphenol Corporation (NYSE:APH) Stake Raised by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in Amphenol Corporation (NYSE:APH) by 31.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Diversified Trust Co raised its position in Amphenol by 13.8% in the first quarter. Diversified Trust Co now owns 16,671 shares of the electronics maker’s stock worth $1,093,000 after acquiring an additional 2,024 shares in the last quarter. CNB Bank raised its position in Amphenol by 2.9% in the first quarter. CNB Bank now owns 8,679 shares of the electronics maker’s stock worth $569,000 after acquiring an additional 243 shares in the last quarter. PDS Planning Inc raised its position in Amphenol by 2.4% in the first quarter. PDS Planning Inc now owns 11,787 shares of the electronics maker’s stock worth $773,000 after acquiring an additional 275 shares in the last quarter. Penobscot Investment Management Company Inc. raised its holdings in Amphenol by 6.5% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 163,242 shares of the electronics maker’s stock worth $10,707,000 after buying an additional 9,952 shares during the period. Finally, Western Wealth Management LLC raised its holdings in Amphenol by 9.1% during the 1st quarter. Western Wealth Management LLC now owns 5,218 shares of the electronics maker’s stock worth $342,000 after buying an additional 434 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the business’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the sale, the chief executive officer now owns 2,002,507 shares of the company’s stock, valued at $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Luc Walter sold 286,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was 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 $41,307,159.70. This represents a 38.76% decrease in their position. The disclosure for this sale can be found here. In 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

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Robert W. Baird boosted their price objective on Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. The Goldman Sachs Group boosted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. TD Securities boosted their price objective on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Finally, Citigroup upped their price target on Amphenol from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, May 27th. 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.00.

Amphenol Price Performance

APH opened at $97.76 on Friday. The stock has a fifty day moving average price of $86.34 and a 200 day moving average price of $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 Corporation has a 1 year low of $54.77 and a 1 year high of $98.07. The stock has a market cap of $118.24 billion, a price-to-earnings ratio of 47.45, a PEG ratio of 2.21 and a beta of 1.12.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) 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 business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the company earned $0.40 EPS. The firm’s revenue was up 47.7% on a year-over-year basis. Analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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

Amphenol 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.