Princeton Global Asset Management LLC Sells 1,800 Shares of Amphenol Co. (NYSE:APH)

Princeton Global Asset Management LLC lessened its stake in shares of Amphenol Co. (NYSE:APH) by 7.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,732 shares of the electronics maker’s stock after selling 1,800 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Amphenol were worth $1,425,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. WASHINGTON TRUST Co boosted its position in Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock worth $55,000 after purchasing an additional 147 shares during the last quarter. MJP Associates Inc. ADV grew its stake in shares of Amphenol by 2.3% during the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker’s stock worth $509,000 after acquiring an additional 166 shares during the period. Newbridge Financial Services Group Inc. increased its stake in shares of Amphenol by 3.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock worth $381,000 after purchasing an additional 173 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in shares of Amphenol by 3.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker’s stock valued at $363,000 after purchasing an additional 177 shares in the last quarter. Finally, New Republic Capital LLC lifted its holdings in shares of Amphenol by 4.2% in the fourth quarter. New Republic Capital LLC now owns 4,516 shares of the electronics maker’s stock worth $314,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE APH opened at $93.42 on Friday. The stock’s 50-day moving average is $77.23 and its 200 day moving average is $72.24. The stock has a market cap of $113.00 billion, a price-to-earnings ratio of 48.78, a P/E/G ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $93.68. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

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

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s dividend payout ratio is presently 32.04%.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at $33,991,738.90. The trade was a 46.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 126,000 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 over the last three months. Company insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on APH. UBS Group raised their price target on shares of Amphenol from $85.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 30th. Citigroup boosted their target price on Amphenol from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Robert W. Baird raised their price target on Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Fox Advisors upgraded Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target for the company in a research report on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average target price of $86.31.

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.