John G Ullman & Associates Inc. Acquires Shares of 14,867 Amphenol Corporation (NYSE:APH)

Key Points

• John G Ullman & Associates Inc. acquired 14,867 shares of Amphenol Corporation, valued at approximately $975,000.
• Analysts have issued multiple upgrades for Amphenol, with Citigroup raising their price target from $115.00 to $125.00 and several analysts maintaining a consensus rating of "Moderate Buy".
• Amphenol announced a quarterly dividend of $0.165 per share, resulting in an annualized yield of 0.63%.

John G Ullman & Associates Inc. acquired a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,867 shares of the electronics maker's stock, valued at approximately $975,000.

Other hedge funds have also made changes to their positions in the company. Forum Financial Management LP boosted its stake in Amphenol by 1.9% in the 1st quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock worth $438,000 after purchasing an additional 126 shares during the period. Gallacher Capital Management LLC boosted its stake in shares of Amphenol by 4.6% during the 1st quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock valued at $210,000 after buying an additional 142 shares during the period. Adell Harriman & Carpenter Inc. boosted its stake in shares of Amphenol by 2.5% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock valued at $389,000 after buying an additional 143 shares during the period. Fullcircle Wealth LLC boosted its stake in shares of Amphenol by 1.3% during the 1st quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock valued at $774,000 after buying an additional 151 shares during the period. Finally, Values First Advisors Inc. boosted its stake in shares of Amphenol by 0.5% during the 1st quarter. Values First Advisors Inc. now owns 28,840 shares of the electronics maker's stock valued at $1,895,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price objective on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research note on Thursday, April 24th. Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Evercore ISI lifted their price objective on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Finally, Robert W. Baird lifted their target price on shares of Amphenol from $113.00 to $118.00 and gave the stock an "outperform" rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $102.23.

Amphenol Price Performance

APH stock traded up $0.50 during mid-day trading on Friday, hitting $104.96. The stock had a trading volume of 7,303,018 shares, compared to its average volume of 8,704,418. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $108.85. The firm has a market capitalization of $126.96 billion, a P/E ratio of 41.82, a P/E/G ratio of 2.05 and a beta of 1.13. The firm has a fifty day simple moving average of $95.00 and a 200 day simple moving average of $78.41.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the firm earned $0.44 EPS. The business's quarterly revenue was up 56.5% compared to the same quarter last year. As a group, research analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.63%. Amphenol's dividend payout ratio is presently 26.29%.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the completion of the transaction, the vice president owned 12,500 shares in the company, valued at $1,113,625. This trade represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 799,500 shares of company stock valued at $70,053,885 in the last quarter. 1.67% of the stock is currently owned by corporate insiders.

About Amphenol

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.