Amphenol Co. (NYSE:APH) Holdings Raised by Wendell David Associates Inc.

Wendell David Associates Inc. grew its position in Amphenol Co. (NYSE:APH - Free Report) by 66.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,780 shares of the electronics maker's stock after buying an additional 15,450 shares during the quarter. Wendell David Associates Inc.'s holdings in Amphenol were worth $2,544,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Tacita Capital Inc increased its position in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Amphenol during the 4th quarter worth about $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol during the 4th quarter worth about $28,000. Rakuten Securities Inc. increased its position 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 purchasing an additional 366 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Amphenol during the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the sale, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. The trade was a 49.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the sale, the insider now owns 451,790 shares in the company, valued at $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. Corporate insiders own 1.67% of the company's stock.

Amphenol Trading Down 0.8%

Shares of NYSE:APH traded down $0.70 during trading on Tuesday, reaching $92.68. 12,654,358 shares of the stock were exchanged, compared to its average volume of 7,540,708. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $94.83. The firm has a market cap of $112.10 billion, a price-to-earnings ratio of 48.40, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The firm's 50-day moving average price is $80.99 and its 200 day moving average price is $73.08.

Amphenol (NYSE:APH - Get Free Report) last issued its 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the previous year, the business earned $0.40 EPS. The company's revenue for the quarter was up 47.7% on a year-over-year basis. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. US Capital Advisors set a $85.00 price objective on Amphenol in a research report on Thursday, April 24th. Robert W. Baird lifted their price objective on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. The Goldman Sachs Group lifted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Evercore ISI raised their price target on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Finally, JPMorgan Chase & Co. raised their price target on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and an average target price 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.