RMB Capital Management LLC Lowers Stock Position in Amphenol Co. (NYSE:APH)

RMB Capital Management LLC cut its stake in shares of Amphenol Co. (NYSE:APH) by 54.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 14,158 shares of the electronics maker’s stock after selling 16,663 shares during the quarter. RMB Capital Management LLC’s holdings in Amphenol were worth $934,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in APH. Endurance Wealth Management Inc. purchased a new stake in Amphenol during the 1st quarter worth $25,000. Mascoma Wealth Management LLC acquired a new position in Amphenol in the 1st quarter worth $26,000. Sonora Investment Management LLC raised its stake in shares of Amphenol by 100.0% in the 1st quarter. Sonora Investment Management LLC now owns 400 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Atlas Private Wealth Management raised its stake in Amphenol by 100.0% during the first quarter. Atlas Private Wealth Management now owns 428 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 214 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in Amphenol by 112.4% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 478 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 253 shares during the period. 92.83% of the stock is owned by institutional investors.

Shares of NYSE:APH opened at $68.27 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.81 and a debt-to-equity ratio of 0.74. The stock has a market cap of $40.80 billion, a P/E ratio of 32.67, a PEG ratio of 2.52 and a beta of 1.24. Amphenol Co. has a 52 week low of $45.90 and a 52 week high of $69.62. The company has a 50 day moving average price of $67.40.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Tuesday, April 27th. The electronics maker reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.18 billion. Amphenol had a net margin of 14.16% and a return on equity of 24.16%. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. As a group, sell-side analysts predict that Amphenol Co. will post 2.25 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 14th. Stockholders of record on Tuesday, June 22nd will be paid a dividend of $0.145 per share. The ex-dividend date is Monday, June 21st. This represents a $0.58 annualized dividend and a dividend yield of 0.85%. Amphenol’s dividend payout ratio (DPR) is 31.02%.

Several research analysts have commented on the stock. Evercore ISI restated a “buy” rating and issued a $77.00 target price on shares of Amphenol in a research report on Tuesday. Morgan Stanley upped their target price on shares of Amphenol from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 29th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on shares of Amphenol from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 29th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $65.33.

In related news, VP Lance E. D’amico sold 15,133 shares of the firm’s stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $67.54, for a total value of $1,022,082.82. Following the transaction, the vice president now directly owns 28,333 shares in the company, valued at approximately $1,913,610.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Livingston bought 20,000 shares of the stock in a transaction that occurred on Tuesday, May 4th. The stock was purchased at an average price of $65.92 per share, for a total transaction of $1,318,400.00. Following the completion of the purchase, the director now directly owns 38,666 shares in the company, valued at approximately $2,548,862.72. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 769,133 shares of company stock worth $51,217,363. 2.50% of the stock is currently owned by company 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 in two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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