Strategic Blueprint LLC Reduces Holdings in Amphenol Co. (NYSE:APH)

Strategic Blueprint LLC reduced its stake in Amphenol Co. (NYSE:APH) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,341 shares of the electronics maker’s stock after selling 1,484 shares during the period. Strategic Blueprint LLC’s holdings in Amphenol were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of APH. Trifecta Capital Advisors LLC raised its position in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 338 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares during the period. Continuum Advisory LLC grew its position in shares of 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 buying an additional 234 shares during the period. Sunbelt Securities Inc. lifted its position in Amphenol by 100.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after acquiring an additional 324 shares during the period. Finally, Endeavor Private Wealth Inc. bought a new stake in Amphenol during the fourth quarter worth about $49,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amphenol

In other Amphenol news, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares in the company, valued at $1,005,340. This represents a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction that occurred on 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 sale, the chief financial officer now owns 318,116 shares in the company, valued at approximately $22,764,380.96. The trade was a 48.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 612,000 shares of company stock valued at $44,177,640 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Amphenol Trading Down 1.3 %

Shares of NYSE:APH opened at $70.75 on Friday. The stock has a 50 day moving average of $71.96 and a 200 day moving average of $67.99. The company has a market cap of $85.29 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24. Amphenol Co. has a 12-month low of $50.48 and a 12-month high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company’s revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. As a group, equities research analysts expect that Amphenol Co. will post 2.25 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed 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 is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.93%. Amphenol’s payout ratio is 34.46%.

Analyst Ratings Changes

A number of brokerages have weighed in on APH. Citigroup raised their target price on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Five 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.