Sargent Investment Group LLC Sells 1,105 Shares of Amphenol Co. (NYSE:APH)

Sargent Investment Group LLC reduced its holdings in shares of Amphenol Co. (NYSE:APH) by 20.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,240 shares of the electronics maker’s stock after selling 1,105 shares during the quarter. Sargent Investment Group LLC’s holdings in Amphenol were worth $290,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Trifecta Capital Advisors LLC lifted its holdings in Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the period. Brown Brothers Harriman & Co. increased its position 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 valued at $32,000 after acquiring an additional 166 shares during the period. Continuum Advisory LLC raised its stake in Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares during the last quarter. Hanson & Doremus Investment Management acquired a new stake in Amphenol during the 4th quarter worth about $32,000. Finally, Endeavor Private Wealth Inc. purchased a new stake in Amphenol during the 4th quarter valued at about $49,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on 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 can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Amphenol Price Performance

Shares of Amphenol stock opened at $69.44 on Thursday. The firm has a market cap of $83.72 billion, a PE ratio of 36.26, a P/E/G ratio of 2.17 and a beta of 1.23. The business has a 50-day moving average price of $71.75 and a 200 day moving average price of $68.08. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a twelve month low of $51.13 and a twelve month high of $79.39.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping 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 business 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 company posted $0.82 EPS. The business’s quarterly revenue was up 29.8% on a year-over-year basis. Sell-side analysts predict that Amphenol Co. will post 2.26 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. Amphenol’s dividend payout ratio (DPR) is 34.46%.

Analyst Ratings Changes

A number of equities research analysts recently commented on APH shares. Citigroup upped their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Evercore ISI upped their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upped their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird lifted their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Five equities 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Amphenol Company 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.