Aristotle Atlantic Partners LLC Raises Holdings in Amphenol Co. (NYSE:APH)

Aristotle Atlantic Partners LLC lifted its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 22.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,072 shares of the electronics maker's stock after purchasing an additional 27,379 shares during the period. Aristotle Atlantic Partners LLC's holdings in Amphenol were worth $10,353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Amphenol by 208.8% during the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock worth $1,765,000 after acquiring an additional 18,322 shares during the period. Spire Wealth Management increased its holdings in shares of Amphenol by 34.1% in the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after purchasing an additional 25,007 shares during the last quarter. Consolidated Planning Corp lifted its stake in shares of Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after buying an additional 4,631 shares during the last quarter. Pines Wealth Management LLC acquired a new position in Amphenol in the 4th quarter valued at about $553,000. Finally, Kanawha Capital Management LLC lifted its position in Amphenol by 4.5% during the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock worth $10,547,000 after acquiring an additional 6,481 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the sale, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. This represents a 49.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the transaction, the insider now owns 447,790 shares in the company, valued at $33,991,738.90. The trade was a 46.55 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is currently owned by company insiders.

Amphenol Trading Up 1.6 %

NYSE:APH traded up $1.24 during trading hours on Wednesday, hitting $80.95. 8,289,261 shares of the company were exchanged, compared to its average volume of 7,479,897. The company has a fifty day simple moving average of $67.10 and a 200 day simple moving average of $69.56. Amphenol Co. has a one year low of $54.77 and a one year high of $81.30. The stock has a market capitalization of $97.91 billion, a price-to-earnings ratio of 42.27, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. The firm's quarterly revenue was up 47.7% on a year-over-year basis. Sell-side analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. Amphenol's payout ratio is currently 32.04%.

Analysts Set New Price Targets

Several analysts recently issued reports on APH shares. Citigroup boosted their price target on Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. UBS Group reissued a "buy" rating and set a $85.00 price target (up previously from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research report on Thursday, April 24th. The Goldman Sachs Group raised their price objective on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and an average target price of $81.62.

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.