Perigon Wealth Management LLC Acquires Shares of 2,513 Amphenol Co. (NYSE:APH)

Perigon Wealth Management LLC acquired a new stake in Amphenol Co. (NYSE:APH) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,513 shares of the electronics maker’s stock, valued at approximately $249,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new position in Amphenol in the 3rd quarter valued at $27,000. Venturi Wealth Management LLC grew its holdings in Amphenol by 75.5% in the 4th 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. Mendota Financial Group LLC acquired a new stake in shares of Amphenol during the 4th quarter worth $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Amphenol during the 3rd quarter worth $34,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Amphenol during the 1st quarter worth $33,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Lance E. D’amico sold 15,000 shares of the firm’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 directly 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 quarter, insiders sold 305,000 shares of company stock valued at $31,846,050. Company insiders own 2.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on APH shares. Evercore ISI increased their target price on Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. The Goldman Sachs Group increased their target price on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Robert W. Baird increased their target price on Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. UBS Group increased their target price on Amphenol from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Jefferies Financial Group started coverage on Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $112.00.

Amphenol Price Performance

Amphenol stock opened at $111.49 on Thursday. 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 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 Co. has a 12 month low of $72.00 and a 12 month high of $119.59. The stock has a 50-day moving average price of $110.65 and a two-hundred day moving average price of $98.26.

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

Amphenol Dividend Announcement

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

Amphenol 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.