Trust Co. of Oklahoma Lowers Position in Amphenol Co. (NYSE:APH)

Trust Co. of Oklahoma cut its holdings in shares of Amphenol Co. (NYSE:APH) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,491 shares of the electronics maker’s stock after selling 425 shares during the quarter. Trust Co. of Oklahoma’s holdings in Amphenol were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tacita Capital Inc grew its holdings in shares of 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 period. Sierra Ocean LLC purchased a new position in shares of Amphenol during the 4th quarter worth $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol during the 4th quarter worth $28,000. Rakuten Securities Inc. grew its holdings in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares during the period. Finally, OFI Invest Asset Management purchased a new position in shares of Amphenol during the 4th quarter worth $44,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

APH stock opened at $92.95 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The firm has a market capitalization of $112.43 billion, a P/E ratio of 48.54, a P/E/G ratio of 1.92 and a beta of 1.12. The business’s 50-day moving average is $77.73 and its two-hundred day moving average is $72.38. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $93.90.

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

Amphenol Dividend Announcement

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

Insider Transactions at Amphenol

In other news, VP Michael R. Ivas sold 40,000 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the sale, the vice president now owns 152,412 shares of the company’s stock, valued at approximately $13,532,661.48. This trade represents a 20.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 175,000 shares of the firm’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,920,792. This trade represents a 77.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. Corporate insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. Fox Advisors raised Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price on the stock in a research note on Thursday, April 24th. TD Securities increased their target price on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. US Capital Advisors set a $85.00 target price on Amphenol in a research note on Thursday, April 24th. Finally, Citigroup increased their target price on Amphenol from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average price target 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.