SVB Wealth LLC Boosts Holdings in Amphenol Co. (NYSE:APH)

SVB Wealth LLC grew its position in shares of Amphenol Co. (NYSE:APH) by 43.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,615 shares of the electronics maker’s stock after purchasing an additional 2,010 shares during the period. SVB Wealth LLC’s holdings in Amphenol were worth $656,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Waldron Private Wealth LLC raised its stake in shares of Amphenol by 2.3% during the fourth quarter. Waldron Private Wealth LLC now owns 10,820 shares of the electronics maker’s stock valued at $1,074,000 after purchasing an additional 247 shares during the period. Vontobel Holding Ltd. raised its stake in shares of Amphenol by 5.6% during the fourth quarter. Vontobel Holding Ltd. now owns 30,040 shares of the electronics maker’s stock valued at $2,978,000 after purchasing an additional 1,588 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Amphenol by 5.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,506,810 shares of the electronics maker’s stock valued at $248,500,000 after purchasing an additional 130,141 shares during the period. Simplicity Wealth LLC purchased a new stake in shares of Amphenol during the fourth quarter valued at approximately $476,000. Finally, Outlook Wealth Advisors LLC bought a new stake in shares of Amphenol in the fourth quarter worth $234,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on APH shares. Evercore ISI lifted their price target on shares of Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Citigroup lifted their price target on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Robert W. Baird lifted their price target on shares of Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Jefferies Financial Group started 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. Finally, Stifel Nicolaus lifted their price target on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

Amphenol Stock Down 0.6 %

APH stock opened at $110.21 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. Amphenol Co. has a 1-year low of $72.00 and a 1-year high of $119.59. The firm has a fifty day moving average price of $110.87 and a two-hundred day moving average price of $98.54. The firm has a market cap of $66.30 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 3.18 and a beta of 1.30.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS 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 analyst estimates of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. Research analysts predict that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.80%. Amphenol’s dividend payout ratio is currently 28.30%.

Insider Transactions at Amphenol

In other news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Peter Straub sold 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William J. Doherty sold 170,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 305,000 shares of company stock worth $31,846,050. Insiders own 2.22% of the company’s stock.

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.