Prospera Private Wealth LLC Buys Shares of 70,176 Amphenol Co. (NYSE:APH)

Prospera Private Wealth LLC bought a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 70,176 shares of the electronics maker's stock, valued at approximately $4,573,000.

Several other hedge funds have also bought and sold shares of APH. B. Riley Wealth Advisors Inc. grew its stake in shares of Amphenol by 0.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker's stock valued at $3,609,000 after acquiring an additional 80 shares during the period. Industrial Alliance Investment Management Inc. boosted its position in shares of Amphenol by 2.9% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,330 shares of the electronics maker's stock worth $615,000 after purchasing an additional 150 shares during the period. Fortitude Family Office LLC increased its stake in shares of Amphenol by 13.9% in the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker's stock worth $84,000 after purchasing an additional 158 shares in the last quarter. New England Capital Financial Advisors LLC lifted its stake in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after buying an additional 188 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its holdings in Amphenol by 4.6% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker's stock worth $294,000 after buying an additional 199 shares during the period. Institutional investors own 97.01% of the company's stock.

Amphenol Trading Down 0.8 %

NYSE:APH traded down $0.59 during mid-day trading on Wednesday, hitting $70.39. 1,417,050 shares of the stock traded hands, compared to its average volume of 6,619,341. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 52 week low of $44.72 and a 52 week high of $74.70. The stock has a market capitalization of $84.86 billion, a price-to-earnings ratio of 40.80, a PEG ratio of 2.34 and a beta of 1.23. The firm's 50 day moving average is $67.06 and its two-hundred day moving average is $66.19.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The firm had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $3.81 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The company's quarterly revenue was up 26.3% on a year-over-year basis. On average, equities research analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Amphenol's dividend payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Bank of America raised their price objective on Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. TD Cowen boosted their target price on Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research report on Friday, October 25th. Evercore ISI raised their price target on Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Vertical Research assumed coverage on Amphenol in a research report on Tuesday, July 23rd. They set a "hold" rating and a $65.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.63.

Insider Transactions at Amphenol

In other Amphenol 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 transaction of $21,468,000.00. Following the transaction, the chief financial officer now directly owns 318,116 shares in the company, valued at $22,764,380.96. This represents a 48.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Straub sold 132,000 shares of the company'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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Insiders own 1.80% of the company's stock.

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.