Simplicity Wealth LLC Makes New $476,000 Investment in Amphenol Co. (NYSE:APH)

Simplicity Wealth LLC acquired a new position in Amphenol Co. (NYSE:APH) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,801 shares of the electronics maker’s stock, valued at approximately $476,000.

Other large investors have also recently made changes to their positions in the company. West Coast Financial LLC grew its position in shares of Amphenol by 65.0% in the 4th quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock worth $12,779,000 after buying an additional 50,778 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of Amphenol during the fourth quarter valued at approximately $2,875,000. Fortune Financial Advisors LLC bought a new stake in shares of Amphenol during the fourth quarter valued at approximately $1,071,000. Community Trust & Investment Co. boosted its position in shares of Amphenol by 30.6% during the fourth quarter. Community Trust & Investment Co. now owns 178,306 shares of the electronics maker’s stock valued at $17,675,000 after purchasing an additional 41,754 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Amphenol by 9.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 175,954 shares of the electronics maker’s stock valued at $17,442,000 after purchasing an additional 15,279 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amphenol news, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 305,000 shares of company stock worth $31,846,050. 2.22% of the stock is owned by insiders.

Amphenol Stock Down 2.2 %

Shares of APH stock traded down $2.56 during mid-day trading on Friday, hitting $113.32. The company’s stock had a trading volume of 3,048,437 shares, compared to its average volume of 3,232,950. Amphenol Co. has a 52-week low of $72.00 and a 52-week high of $119.59. The business has a 50-day moving average price of $110.12 and a 200 day moving average price of $97.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. The stock has a market cap of $68.17 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 3.23 and a beta of 1.30.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Research analysts predict that Amphenol Co. will post 3.28 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio is currently 28.30%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on APH shares. Evercore ISI lifted their price target on Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. The Goldman Sachs Group lifted their price target on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Stifel Nicolaus lifted their price target on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Citigroup lifted their price target on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Jefferies Financial Group initiated coverage on Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 target price on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

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.