Heritage Family Offices LLP Buys Shares of 16,731 Amphenol Co. (NYSE:APH)

Heritage Family Offices LLP bought a new stake in Amphenol Co. (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,731 shares of the electronics maker's stock, valued at approximately $1,097,000.

Several other institutional investors also recently bought and sold shares of APH. Norges Bank purchased a new stake in shares of Amphenol during the 4th quarter worth $1,378,794,000. Bank of America Corp DE grew its position in Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Wellington Management Group LLP raised its position in Amphenol by 619.9% during the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after buying an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Amphenol by 118.4% in the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after acquiring an additional 3,933,269 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on APH shares. US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. Robert W. Baird raised their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. TD Securities upped their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. UBS Group upped their price objective on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $84.38.

Insider Activity

In other news, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D'amico sold 175,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Trading Up 0.3%

Shares of APH traded up $0.32 during mid-day trading on Wednesday, hitting $92.00. The company had a trading volume of 6,070,259 shares, compared to its average volume of 7,474,278. The stock has a market cap of $111.28 billion, a PE ratio of 48.04, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The business's 50-day simple moving average is $75.64 and its 200-day simple moving average is $71.79. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $92.87.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. Sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.72%. Amphenol's dividend payout ratio is presently 32.04%.

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.