Amphenol Co. (NYSE:APH) Shares Sold by Fourpath Capital Management LLC

Fourpath Capital Management LLC lowered its position in shares of Amphenol Co. (NYSE:APH) by 0.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,672 shares of the electronics maker’s stock after selling 380 shares during the period. Fourpath Capital Management LLC’s holdings in Amphenol were worth $4,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tacita Capital Inc increased its holdings in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Amphenol during the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC bought a new stake in shares of Amphenol in the fourth quarter worth $28,000. Rakuten Securities Inc. raised its holdings in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 366 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Amphenol in the fourth quarter valued at $44,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the sale, the chief executive officer now owns 2,002,507 shares of the company’s stock, valued at $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Luc Walter sold 286,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the sale, the insider now owns 451,790 shares of the company’s stock, valued at $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last three months. 1.67% of the stock is owned by company insiders.

Amphenol Stock Performance

APH stock opened at $92.95 on Tuesday. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $93.90. The stock has a market capitalization of $112.43 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 1.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock’s fifty day moving average is $77.73 and its two-hundred day moving average is $72.38.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the firm posted $0.40 EPS. Amphenol’s quarterly revenue was up 47.7% compared to the same quarter last year. On average, research analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol’s dividend payout ratio (DPR) is 32.04%.

Analyst Ratings Changes

Several research firms have recently weighed in on APH. TD Securities boosted their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. UBS Group lifted their target price on Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Finally, The Goldman Sachs Group upped their price target on Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $86.31.

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.