NewEdge Wealth LLC Purchases Shares of 4,209 Amphenol Co. (NYSE:APH)

NewEdge Wealth LLC bought a new stake in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, Holdings Channel reports. The fund bought 4,209 shares of the electronics maker’s stock, valued at approximately $417,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vontobel Holding Ltd. increased its position in Amphenol by 8.2% during the 1st quarter. Vontobel Holding Ltd. now owns 13,325 shares of the electronics maker’s stock valued at $1,022,000 after purchasing an additional 1,006 shares during the period. Sei Investments Co. boosted its stake in shares of Amphenol by 4.0% during the 1st quarter. Sei Investments Co. now owns 168,360 shares of the electronics maker’s stock valued at $12,716,000 after purchasing an additional 6,405 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Amphenol by 56.7% during the first quarter. Canada Pension Plan Investment Board now owns 264,188 shares of the electronics maker’s stock valued at $19,906,000 after buying an additional 95,613 shares during the period. Prudential PLC bought a new position in Amphenol in the first quarter worth about $857,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Amphenol in the first quarter worth about $245,000. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on APH. JPMorgan Chase & Co. raised their price objective on Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Robert W. Baird increased their target price on Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Evercore ISI increased their price objective on shares of Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Citigroup lifted their target price on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, Jefferies Financial Group initiated coverage on shares of Amphenol in a report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

Insider Buying and Selling at Amphenol

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 filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 305,000 shares of company stock valued at $31,846,050. 2.22% of the stock is owned by company insiders.

Amphenol Stock Performance

Shares of APH stock opened at $111.49 on Thursday. 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 company has a 50 day moving average price of $110.65 and a 200-day moving average price of $98.26. Amphenol Co. has a 52 week low of $72.00 and a 52 week high of $119.59. The firm has a market capitalization of $67.07 billion, a PE ratio of 35.85, a P/E/G ratio of 3.21 and a beta of 1.30.

Amphenol (NYSE:APH) last posted its 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. 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 firm’s 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. As a group, equities research analysts expect that Amphenol Co. will post 3.28 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors 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 yield of 0.79%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

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.