Epic Trust Investment Advisors LLC Reduces Position in Amphenol Co. (NYSE:APH)

Epic Trust Investment Advisors LLC reduced its position in shares of Amphenol Co. (NYSE:APH) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,011 shares of the electronics maker’s stock after selling 127 shares during the period. Epic Trust Investment Advisors LLC’s holdings in Amphenol were worth $398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of APH. FMR LLC increased its position in shares of Amphenol by 1.3% during the third quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock worth $4,661,480,000 after purchasing an additional 691,964 shares in the last quarter. JPMorgan Chase & Co. increased its position in Amphenol by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock valued at $1,283,360,000 after acquiring an additional 653,354 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Amphenol by 4.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,145,093 shares of the electronics maker’s stock valued at $1,104,056,000 after acquiring an additional 564,110 shares during the last quarter. Flossbach Von Storch AG raised its position in Amphenol by 1.9% during the 3rd quarter. Flossbach Von Storch AG now owns 7,908,317 shares of the electronics maker’s stock worth $664,220,000 after buying an additional 151,058 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Amphenol by 6.0% during the 3rd quarter. Northern Trust Corp now owns 6,195,739 shares of the electronics maker’s stock worth $520,380,000 after buying an additional 351,353 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity at Amphenol

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on APH. The Goldman Sachs Group raised their price target on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Bank of America raised their price objective on Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Robert W. Baird increased their target price on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, UBS Group raised their price target on shares of Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $118.83.

Amphenol Stock Performance

Amphenol stock traded down $1.35 during mid-day trading on Tuesday, reaching $120.78. The company’s stock had a trading volume of 2,574,354 shares, compared to its average volume of 2,877,313. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41. Amphenol Co. has a twelve month low of $72.77 and a twelve month high of $123.60. The business has a 50 day moving average price of $112.37 and a 200-day moving average price of $100.19. The firm has a market cap of $72.66 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 3.17 and a beta of 1.30.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. Sell-side analysts predict that Amphenol Co. will post 3.34 EPS for the current fiscal year.

Amphenol announced that its board has approved a share repurchase program on Wednesday, April 24th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to purchase up to 2.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is 26.91%.

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.