Connecticut Wealth Management LLC Buys 19,678 Shares of Amphenol Co. (NYSE:APH)

Connecticut Wealth Management LLC raised its stake in Amphenol Co. (NYSE:APH) by 104.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,456 shares of the electronics maker’s stock after buying an additional 19,678 shares during the period. Connecticut Wealth Management LLC’s holdings in Amphenol were worth $2,537,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Argent Trust Co grew its holdings in shares of Amphenol by 100.5% during the 1st quarter. Argent Trust Co now owns 22,152 shares of the electronics maker’s stock valued at $1,462,000 after purchasing an additional 11,106 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Amphenol by 70.6% during the 1st quarter. JPMorgan Chase & Co. now owns 14,301,522 shares of the electronics maker’s stock valued at $943,471,000 after purchasing an additional 5,920,513 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Amphenol by 48.1% during the 1st quarter. CIBC Private Wealth Group LLC now owns 1,342,714 shares of the electronics maker’s stock valued at $88,579,000 after purchasing an additional 436,111 shares during the last quarter. Quilter Plc grew its holdings in shares of Amphenol by 72.8% during the 1st quarter. Quilter Plc now owns 3,168 shares of the electronics maker’s stock valued at $209,000 after purchasing an additional 1,335 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Amphenol by 50.1% during the 1st quarter. Panagora Asset Management Inc. now owns 36,968 shares of the electronics maker’s stock valued at $2,439,000 after purchasing an additional 12,340 shares during the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Lance E. D’amico sold 15,133 shares of Amphenol stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $67.54, for a total value of $1,022,082.82. Following the completion of the sale, the vice president now directly owns 28,333 shares in the company, valued at $1,913,610.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 400,000 shares of Amphenol stock in a transaction that occurred on Tuesday, May 4th. The stock was sold at an average price of $65.94, for a total transaction of $26,376,000.00. Following the completion of the sale, the chief executive officer now owns 632,424 shares of the company’s stock, valued at $41,702,038.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 769,133 shares of company stock valued at $51,217,363. 2.50% of the stock is owned by company insiders.

Several equities research analysts have weighed in on APH shares. Morgan Stanley increased their price target on shares of Amphenol from $66.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, April 29th. Evercore ISI reissued a “buy” rating and set a $77.00 price target on shares of Amphenol in a research report on Tuesday. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on shares of Amphenol from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 29th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Amphenol has a consensus rating of “Buy” and a consensus target price of $65.33.

NYSE APH traded down $0.18 during trading hours on Friday, reaching $68.09. 42,985 shares of the company’s stock traded hands, compared to its average volume of 2,723,528. Amphenol Co. has a 52-week low of $45.90 and a 52-week high of $69.62. The company has a market cap of $40.69 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 2.52 and a beta of 1.24. The business’s 50-day simple moving average is $67.40. The company has a current ratio of 2.43, a quick ratio of 1.81 and a debt-to-equity ratio of 0.74.

Amphenol (NYSE:APH) last released its quarterly earnings data on Tuesday, April 27th. The electronics maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.18 billion. Amphenol had a net margin of 14.16% and a return on equity of 24.16%. Amphenol’s revenue was up 27.7% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. As a group, research analysts expect that Amphenol Co. will post 2.25 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 14th. Shareholders of record on Tuesday, June 22nd will be paid a dividend of $0.145 per share. The ex-dividend date is Monday, June 21st. This represents a $0.58 dividend on an annualized basis and a yield of 0.85%. Amphenol’s dividend payout ratio is currently 31.02%.

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 in two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.

Featured Article: Is a Roth IRA right for you?

Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Co. (NYSE:APH).

Institutional Ownership by Quarter for Amphenol (NYSE:APH)

Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.