Cerity Partners LLC Has $3.79 Million Holdings in Amphenol Co. (NYSE:APH)

Cerity Partners LLC increased its holdings in shares of Amphenol Co. (NYSE:APH) by 63.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 38,264 shares of the electronics maker’s stock after acquiring an additional 14,843 shares during the quarter. Cerity Partners LLC’s holdings in Amphenol were worth $3,793,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in APH. Peoples Bank KS acquired a new stake in Amphenol during the 3rd quarter worth $27,000. Mendota Financial Group LLC acquired a new stake in Amphenol during the 4th quarter worth $33,000. Venturi Wealth Management LLC raised its stake in Amphenol by 75.5% during the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after buying an additional 142 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Amphenol in the 1st quarter valued at about $33,000. Finally, Altshuler Shaham Ltd acquired a new stake in shares of Amphenol in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, insider Peter Straub sold 20,000 shares of Amphenol 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Peter Straub sold 20,000 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lance E. D’amico sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. 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. Company insiders own 2.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on APH shares. Stifel Nicolaus lifted their price target on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Jefferies Financial Group started coverage on Amphenol in a research note on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price target on the stock. Citigroup lifted their price target on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. lifted their price target on Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, UBS Group lifted their price target on Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $112.00.

Amphenol Price Performance

NYSE:APH opened at $111.49 on Thursday. Amphenol Co. has a 52-week low of $72.00 and a 52-week high of $119.59. 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 company has a market cap of $67.07 billion, a P/E ratio of 35.85, a P/E/G ratio of 3.21 and a beta of 1.30. The stock’s 50-day simple moving average is $110.65 and its 200 day simple moving average is $98.26.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Monday, March 18th. Amphenol’s payout ratio is currently 28.30%.

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.