Sequoia Financial Advisors LLC Raises Holdings in Amphenol Co. (NYSE:APH)

Sequoia Financial Advisors LLC boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 64.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,749 shares of the electronics maker’s stock after acquiring an additional 5,008 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Amphenol were worth $1,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hixon Zuercher LLC lifted its holdings in shares of Amphenol by 0.5% in the 4th quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker’s stock worth $2,125,000 after acquiring an additional 104 shares during the last quarter. Jacobsen Capital Management lifted its stake in Amphenol by 1.8% during the fourth quarter. Jacobsen Capital Management now owns 6,113 shares of the electronics maker’s stock worth $606,000 after purchasing an additional 108 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of Amphenol by 2.4% during the fourth quarter. Strategic Blueprint LLC now owns 4,844 shares of the electronics maker’s stock worth $480,000 after buying an additional 112 shares during the period. Simon Quick Advisors LLC grew its stake in shares of Amphenol by 2.2% in the fourth quarter. Simon Quick Advisors LLC now owns 5,421 shares of the electronics maker’s stock valued at $537,000 after buying an additional 115 shares in the last quarter. Finally, Drive Wealth Management LLC raised its holdings in shares of Amphenol by 3.4% in the 4th quarter. Drive Wealth Management LLC now owns 3,573 shares of the electronics maker’s stock valued at $355,000 after buying an additional 116 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

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

Amphenol Price Performance

APH stock opened at $113.32 on Friday. 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 quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The stock has a market cap of $68.17 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 3.31 and a beta of 1.30. Amphenol Co. has a fifty-two week low of $72.00 and a fifty-two week high of $119.59.

Amphenol (NYSE:APH) last issued its quarterly earnings data 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. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. Equities research analysts anticipate that Amphenol Co. will post 3.28 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 28.30%.

Insider Activity

In related news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at this link. In related news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the transaction, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 disclosure for this sale can be found here. In the last three months, insiders sold 305,000 shares of company stock valued at $31,846,050. Insiders own 2.22% of the company’s stock.

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.