Avity Investment Management Inc. Has $44.69 Million Stock Position in Amphenol Co. (NYSE:APH)

Avity Investment Management Inc. decreased its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 681,352 shares of the electronics maker's stock after selling 3,149 shares during the quarter. Amphenol comprises approximately 3.6% of Avity Investment Management Inc.'s portfolio, making the stock its 7th biggest holding. Avity Investment Management Inc. owned approximately 0.06% of Amphenol worth $44,690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Tacita Capital Inc grew its stake in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Amphenol in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. grew its holdings in Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after acquiring an additional 366 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Amphenol in the 4th quarter valued at $44,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amphenol

In other news, VP Lance E. D'amico sold 175,000 shares of Amphenol stock in a transaction 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 transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,920,792. The trade was a 77.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol 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 transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research note on Thursday, April 24th. Robert W. Baird increased their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. The Goldman Sachs Group upped their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. UBS Group upped their target price on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $86.31.

Amphenol Price Performance

Shares of NYSE:APH traded up $0.90 during trading on Friday, reaching $93.42. 4,289,285 shares of the company's stock traded hands, compared to its average volume of 7,471,695. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $93.68. The firm has a market cap of $113.00 billion, a PE ratio of 48.78, a P/E/G ratio of 1.92 and a beta of 1.12. The company has a 50-day simple moving average of $77.23 and a 200-day simple moving average of $72.24.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company earned $0.40 earnings per share. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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 paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. Amphenol's dividend payout ratio (DPR) 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.