Amphenol Co. (NYSE:APH) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its position in shares of Amphenol Co. (NYSE:APH) by 8.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 835,390 shares of the electronics maker’s stock after selling 73,980 shares during the period. Amphenol makes up about 1.1% of Wedge Capital Management L L P NC’s holdings, making the stock its 16th largest holding. Wedge Capital Management L L P NC’s holdings in Amphenol were worth $54,793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tacita Capital Inc increased 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 acquired a new position in shares of Amphenol in the fourth quarter worth $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Amphenol in the fourth quarter valued at $28,000. Rakuten Securities Inc. boosted its holdings in 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 during the period. Finally, OFI Invest Asset Management acquired a new position in Amphenol during the 4th quarter worth $44,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 390,000 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the transaction, the insider now owns 447,790 shares in the company, valued at approximately $33,991,738.90. The trade was a 46.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. This represents a 49.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

APH has been the topic of a number of analyst reports. Fox Advisors raised Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a research report on Thursday, April 24th. UBS Group raised their target price on shares of Amphenol from $85.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 30th. TD Securities boosted their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Citigroup raised their price objective on shares of Amphenol from $85.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. Finally, Evercore ISI lifted their price objective on shares of Amphenol from $88.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $86.31.

Amphenol Price Performance

Shares of NYSE:APH opened at $93.42 on Friday. The company’s fifty day moving average price is $77.23 and its 200 day moving average price is $72.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $93.68. The firm has a market capitalization of $113.00 billion, a P/E ratio of 48.78, a P/E/G ratio of 1.92 and a beta of 1.12.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. As a group, sell-side analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.71%. Amphenol’s dividend payout ratio is currently 32.04%.

About Amphenol

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.