Resonant Capital Advisors LLC Reduces Stock Position in Amphenol Co. (NYSE:APH)

Resonant Capital Advisors LLC cut its stake in Amphenol Co. (NYSE:APH) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,441 shares of the electronics maker’s stock after selling 593 shares during the period. Resonant Capital Advisors LLC’s holdings in Amphenol were worth $839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new stake in shares of Amphenol in the fourth quarter valued at approximately $3,589,000. West Coast Financial LLC grew its position in shares of Amphenol by 65.0% in the fourth quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock valued at $12,779,000 after purchasing an additional 50,778 shares in the last quarter. Cerity Partners LLC grew its position in Amphenol by 63.4% in the fourth quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock worth $3,793,000 after acquiring an additional 14,843 shares during the period. Compagnie Lombard Odier SCmA purchased a new position in Amphenol in the fourth quarter worth approximately $2,875,000. Finally, Fortune Financial Advisors LLC purchased a new position in Amphenol in the fourth quarter worth approximately $1,071,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the sale, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the sale, the chief financial officer now directly owns 147,045 shares in the company, valued at $15,391,200.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the sale, the vice president now owns 25,700 shares in the company, valued at $2,692,075. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,000 shares of company stock worth $31,846,050. Corporate insiders own 2.22% of the company’s stock.

Amphenol Stock Down 0.6 %

NYSE:APH opened at $110.21 on Friday. The stock has a market capitalization of $66.30 billion, a price-to-earnings ratio of 35.44, a price-to-earnings-growth ratio of 3.16 and a beta of 1.30. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. Amphenol Co. has a 52 week low of $72.00 and a 52 week high of $119.59. The stock’s fifty day moving average is $110.87 and its two-hundred day moving average is $98.54.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.78 earnings per share. Research analysts anticipate that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s payout ratio is currently 28.30%.

Analyst Ratings Changes

Several research analysts recently weighed in on APH shares. The Goldman Sachs Group increased their price objective on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Jefferies Financial Group started coverage on Amphenol in a research report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price objective for the company. UBS Group increased their price objective on Amphenol from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday. Stifel Nicolaus upped their price target on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. upped their price target on Amphenol from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $113.75.

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.