Kraematon Investment Advisors Inc. increased its position in Amphenol Co. (NYSE:APH - Free Report) by 28.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,407 shares of the electronics maker's stock after purchasing an additional 4,747 shares during the period. Amphenol accounts for about 1.4% of Kraematon Investment Advisors Inc.'s investment portfolio, making the stock its 23rd biggest holding. Kraematon Investment Advisors Inc.'s holdings in Amphenol were worth $1,404,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of APH. LaFleur & Godfrey LLC grew its stake in Amphenol by 1.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock worth $3,945,000 after purchasing an additional 825 shares in the last quarter. Brighton Jones LLC boosted its stake in Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after acquiring an additional 9,390 shares during the period. Revolve Wealth Partners LLC boosted its stake in Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after acquiring an additional 4,721 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Amphenol by 28.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 127,101 shares of the electronics maker's stock valued at $8,951,000 after acquiring an additional 28,118 shares during the period. Finally, Robertson Stephens Wealth Management LLC boosted its stake in Amphenol by 3.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock valued at $363,000 after acquiring an additional 177 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on APH shares. UBS Group lifted their target price on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Citigroup lifted their target price on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. US Capital Advisors set a $85.00 target price on Amphenol in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group boosted their price objective on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $86.31.
View Our Latest Research Report on Amphenol
Insider Buying and Selling
In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction on Friday, April 25th. The stock was 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 of the company's stock, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at $3,920,792. This represents a 77.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last quarter. Corporate insiders own 1.67% of the company's stock.
Amphenol Price Performance
Shares of NYSE:APH opened at $93.42 on Friday. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $93.68. The stock has a market cap of $113.00 billion, a price-to-earnings ratio of 48.78, a PEG ratio of 1.92 and a beta of 1.12. The stock's 50 day moving average price is $77.23 and its 200 day moving average price is $72.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.
Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations 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. Equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors 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 0.71%. Amphenol's payout ratio is 32.04%.
Amphenol Company Profile
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Free Report)
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.
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