NorthCrest Asset Manangement LLC Boosts Holdings in Amphenol Co. (NYSE:APH)

NorthCrest Asset Manangement LLC lifted its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 285,551 shares of the electronics maker's stock after acquiring an additional 9,504 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Amphenol were worth $18,729,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in APH. LaFleur & Godfrey LLC raised its position 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 acquiring an additional 825 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of 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 purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after buying an additional 4,721 shares in the last quarter. Savant Capital LLC grew its position in Amphenol by 8.5% during the fourth quarter. Savant Capital LLC now owns 15,505 shares of the electronics maker's stock worth $1,077,000 after buying an additional 1,219 shares during the period. Finally, Avidian Wealth Enterprises LLC purchased a new position in Amphenol in the fourth quarter valued at about $212,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Trading Up 0.9%

Shares of Amphenol stock traded up $0.83 during trading hours on Monday, reaching $93.32. 5,162,230 shares of the company's stock were exchanged, compared to its average volume of 7,513,876. The firm has a market capitalization of $112.88 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. 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 Co. has a 52-week low of $54.77 and a 52-week high of $94.83. The company has a fifty day moving average of $80.32 and a 200-day moving average of $72.94.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 25.67% and a net margin of 15.92%. The firm's quarterly revenue was up 47.7% on a year-over-year basis. During the same period last year, the company earned $0.40 EPS. Sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. Amphenol's dividend payout ratio is presently 32.04%.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider now directly owns 451,790 shares in the company, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last ninety days. Insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on APH. Robert W. Baird upped their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Evercore ISI raised their price target on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Wall Street Zen lowered shares of Amphenol from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Citigroup raised their target price on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

Amphenol 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.