Greenwich Wealth Management LLC Purchases 10,174 Shares of Amphenol Co. (NYSE:APH)

Greenwich Wealth Management LLC raised its position in shares of Amphenol Co. (NYSE:APH) by 97.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,580 shares of the electronics maker’s stock after purchasing an additional 10,174 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Amphenol were worth $1,386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Beacon Capital Management LLC grew its position in Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares during the period. New England Capital Financial Advisors LLC boosted its stake in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares during the last quarter. Sachetta LLC grew its position in shares of Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 249 shares during the period. Frazier Financial Advisors LLC bought a new position in Amphenol in the 4th quarter worth $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in Amphenol during the second quarter valued at $29,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity at Amphenol

In other news, insider Luc Walter sold 106,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at $28,743,640.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Luc Walter sold 106,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the transaction, the insider now directly owns 447,790 shares in the company, valued at $28,743,640.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on APH shares. TD Cowen upped their price target on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research report on Thursday, June 6th. Seaport Res Ptn raised shares of Amphenol to a “strong-buy” rating in a report on Monday, May 20th. Robert W. Baird lowered their target price on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. UBS Group raised their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Trading Up 0.2 %

APH opened at $63.58 on Monday. The stock has a 50-day moving average of $64.61 and a 200 day moving average of $62.76. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. Amphenol Co. has a 12 month low of $39.34 and a 12 month high of $70.84. The firm has a market cap of $76.57 billion, a P/E ratio of 38.89, a P/E/G ratio of 2.45 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 EPS. As a group, research analysts forecast that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 annualized dividend and a dividend yield of 1.04%. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

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.