Waverly Advisors LLC Grows Stock Holdings in Amphenol Corporation $APH

Waverly Advisors LLC lifted its stake in shares of Amphenol Corporation (NYSE:APH) by 15.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,493 shares of the electronics maker’s stock after purchasing an additional 4,153 shares during the period. Waverly Advisors LLC’s holdings in Amphenol were worth $3,979,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Wealth Alliance LLC grew its holdings in Amphenol by 11.8% in the 1st quarter. Wealth Alliance LLC now owns 14,673 shares of the electronics maker’s stock valued at $1,854,000 after buying an additional 1,543 shares in the last quarter. Cumberland Partners Ltd increased its stake in shares of Amphenol by 60.5% in the 1st quarter. Cumberland Partners Ltd now owns 244,081 shares of the electronics maker’s stock worth $30,840,000 after acquiring an additional 91,976 shares during the last quarter. Sustainable Insight Capital Management LLC boosted its position in shares of Amphenol by 12.6% during the 1st quarter. Sustainable Insight Capital Management LLC now owns 6,256 shares of the electronics maker’s stock valued at $790,000 after acquiring an additional 700 shares during the last quarter. St. Louis Trust Co boosted its position in shares of Amphenol by 71.1% during the 1st quarter. St. Louis Trust Co now owns 6,168 shares of the electronics maker’s stock valued at $779,000 after acquiring an additional 2,564 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Amphenol by 1,168.5% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 613,821 shares of the electronics maker’s stock valued at $77,556,000 after purchasing an additional 565,432 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 17,500 shares of Amphenol stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total value of $2,506,175.00. Following the completion of the sale, the chief executive officer owned 1,927,507 shares in the company, valued at approximately $276,038,277.47. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 130,775 shares of company stock valued at $18,709,350. 1.42% of the stock is currently owned by company insiders.

Amphenol Stock Down 3.7%

Shares of APH opened at $143.82 on Wednesday. The company’s 50-day moving average price is $153.78 and its 200 day moving average price is $144.78. Amphenol Corporation has a 12-month low of $102.76 and a 12-month high of $178.52. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. The firm has a market cap of $176.93 billion, a P/E ratio of 41.33, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.11. The business had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.08 billion. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The business’s revenue for the quarter was up 58.4% on a year-over-year basis. During the same period last year, the business earned $0.63 earnings per share. On average, sell-side analysts forecast that Amphenol Corporation will post 4.87 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is presently 28.74%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on APH shares. Robert W. Baird set a $177.00 target price on shares of Amphenol in a research note on Thursday, April 30th. UBS Group reissued a “buy” rating and issued a $185.00 price target (up from $178.00) on shares of Amphenol in a research note on Thursday, July 9th. Rothschild & Co Redburn raised their price target on shares of Amphenol from $160.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Seaport Research Partners reaffirmed a “buy” rating and set a $215.00 price target on shares of Amphenol in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group upped their price objective on Amphenol from $184.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $186.00.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.