Amphenol Co. (NYSE:APH) Stake Increased by Larson Financial Group LLC

Larson Financial Group LLC raised its stake in shares of Amphenol Co. (NYSE:APH) by 29,190.0% during the fourth quarter, HoldingsChannel reports. The fund owned 5,858 shares of the electronics maker’s stock after acquiring an additional 5,838 shares during the quarter. Larson Financial Group LLC’s holdings in Amphenol were worth $581,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Peoples Bank KS acquired a new stake in shares of Amphenol in the 3rd quarter valued at about $27,000. Mendota Financial Group LLC bought a new stake in Amphenol in the fourth quarter valued at about $33,000. Venturi Wealth Management LLC raised its stake in Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after buying an additional 142 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Amphenol by 70.8% during the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after buying an additional 138 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Amphenol in the 3rd quarter worth approximately $34,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on APH. Bank of America raised their price objective on Amphenol from $117.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Robert W. Baird raised their price target on shares of Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Jefferies Financial Group assumed coverage on shares of Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective for the company. The Goldman Sachs Group raised their target price on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Citigroup lifted their target price on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.75.

Amphenol Stock Performance

Shares of NYSE APH opened at $114.28 on Wednesday. Amphenol Co. has a 12-month low of $72.00 and a 12-month high of $119.59. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. The company has a market cap of $68.75 billion, a PE ratio of 36.75, a P/E/G ratio of 3.00 and a beta of 1.30. The stock has a 50 day simple moving average of $111.23 and a 200-day simple moving average of $99.18.

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

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a $0.22 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. Amphenol’s dividend payout ratio is presently 28.30%.

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was 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. In the last 90 days, insiders have sold 305,000 shares of company stock valued at $31,846,050. Company insiders own 1.80% of the company’s stock.

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.