Marks Group Wealth Management Inc Sells 1,583 Shares of Amphenol Co. (NYSE:APH)

Marks Group Wealth Management Inc trimmed its position in Amphenol Co. (NYSE:APH) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,328 shares of the electronics maker’s stock after selling 1,583 shares during the period. Amphenol makes up approximately 1.0% of Marks Group Wealth Management Inc’s holdings, making the stock its 17th biggest holding. Marks Group Wealth Management Inc’s holdings in Amphenol were worth $8,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of APH. Hixon Zuercher LLC boosted its stake in Amphenol by 0.5% in the 4th quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker’s stock worth $2,125,000 after purchasing an additional 104 shares in the last quarter. Jacobsen Capital Management lifted its stake in shares of Amphenol by 1.8% during the fourth quarter. Jacobsen Capital Management now owns 6,113 shares of the electronics maker’s stock worth $606,000 after buying an additional 108 shares during the period. Strategic Blueprint LLC grew its holdings in shares of Amphenol by 2.4% during the fourth quarter. Strategic Blueprint LLC now owns 4,844 shares of the electronics maker’s stock valued at $480,000 after buying an additional 112 shares during the last quarter. Simon Quick Advisors LLC increased its position in shares of Amphenol by 2.2% in the 4th quarter. Simon Quick Advisors LLC now owns 5,421 shares of the electronics maker’s stock valued at $537,000 after acquiring an additional 115 shares during the period. Finally, Drive Wealth Management LLC grew its stake in Amphenol by 3.4% during the 4th quarter. Drive Wealth Management LLC now owns 3,573 shares of the electronics maker’s stock valued at $355,000 after purchasing an additional 116 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amphenol

In other news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, insider William J. Doherty sold 170,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is currently owned by company insiders.

Amphenol Trading Up 1.5 %

NYSE:APH traded up $1.69 during trading hours on Monday, hitting $111.86. The company had a trading volume of 3,271,085 shares, compared to its average volume of 2,762,463. The company has a 50-day moving average of $111.01 and a 200 day moving average of $98.97. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. The company has a market cap of $67.29 billion, a P/E ratio of 35.97, a P/E/G ratio of 2.95 and a beta of 1.30. Amphenol Co. has a 1 year low of $72.00 and a 1 year high of $119.59.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 EPS. Sell-side analysts expect that Amphenol Co. will post 3.28 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared 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 0.79%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group lifted their target price on Amphenol from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird raised their price objective on shares of Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. The Goldman Sachs Group lifted their price target on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Stifel Nicolaus boosted their price objective on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Finally, Evercore ISI increased their target price on Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $113.75.

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.