Blossom Wealth Management Makes New Investment in Amphenol Co. (NYSE:APH)

Blossom Wealth Management purchased a new stake in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,985 shares of the electronics maker’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Trifecta Capital Advisors LLC boosted its stake in Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after buying an additional 338 shares during the period. Hanson & Doremus Investment Management bought a new stake in shares of Amphenol during the 4th quarter valued at about $32,000. Continuum Advisory LLC grew its holdings in shares of Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 324 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

APH stock opened at $70.75 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm’s 50-day moving average price is $71.89 and its two-hundred day moving average price is $68.00. The stock 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. Amphenol Co. has a 12-month low of $50.48 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. As a group, equities analysts predict that Amphenol Co. will post 2.25 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Tuesday, March 18th. Amphenol’s payout ratio is currently 34.46%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America boosted their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Evercore ISI lifted their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup increased their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Insiders Place Their Bets

In related news, CFO Craig A. Lampo sold 300,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the transaction, the chief financial officer now directly owns 318,116 shares of the company’s stock, valued at $22,764,380.96. This represents a 48.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the sale, the vice president now directly owns 14,000 shares in the company, valued at approximately $1,005,340. The trade was a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 612,000 shares of company stock worth $44,177,640. 1.80% of the stock is currently owned by corporate insiders.

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.