Oak Family Advisors LLC Trims Stake in Amphenol Co. (NYSE:APH)

Oak Family Advisors LLC cut its holdings in Amphenol Co. (NYSE:APH) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,396 shares of the electronics maker’s stock after selling 1,019 shares during the period. Oak Family Advisors LLC’s holdings in Amphenol were worth $861,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of APH. Fortitude Family Office LLC boosted its holdings in shares of Amphenol by 13.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after purchasing an additional 158 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after buying an additional 166 shares in the last quarter. Fragasso Financial Advisors Inc increased its position in shares of Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after purchasing an additional 171 shares during the last quarter. AlphaMark Advisors LLC raised its position in Amphenol by 0.5% in the 4th quarter. AlphaMark Advisors LLC now owns 34,209 shares of the electronics maker’s stock worth $2,376,000 after purchasing an additional 180 shares during the period. Finally, Prestige Wealth Management Group LLC raised its holdings in shares of Amphenol by 7.4% in the third quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock worth $180,000 after buying an additional 189 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Down 1.3 %

APH stock opened at $70.75 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a fifty-two week low of $50.48 and a fifty-two week high of $79.39. The firm has a market capitalization of $85.29 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.13 and a beta of 1.24. The company’s 50 day moving average price is $71.89 and its 200 day moving average price is $67.98.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. On average, equities research analysts anticipate that Amphenol Co. will post 2.25 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 34.55%.

Insiders Place Their Bets

In other news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the completion of the transaction, the chief financial officer now directly owns 318,116 shares in the company, valued at approximately $22,764,380.96. This represents a 48.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 612,000 shares of company stock worth $44,177,640. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

APH has been the subject of several research reports. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup raised their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. The Goldman Sachs Group increased their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird upped their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

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.