Amphenol Co. (NYSE:APH) Shares Acquired by Addenda Capital Inc.

Addenda Capital Inc. lifted its position in Amphenol Co. (NYSE:APH - Free Report) by 15.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,023 shares of the electronics maker's stock after purchasing an additional 26,625 shares during the quarter. Addenda Capital Inc.'s holdings in Amphenol were worth $13,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Advance Capital Management Inc. lifted its stake in shares of Amphenol by 3.5% in the 1st quarter. Advance Capital Management Inc. now owns 6,962 shares of the electronics maker's stock valued at $457,000 after acquiring an additional 238 shares during the last quarter. Czech National Bank raised its holdings in Amphenol by 6.4% during the 1st quarter. Czech National Bank now owns 278,166 shares of the electronics maker's stock valued at $18,245,000 after buying an additional 16,765 shares during the last quarter. Rhumbline Advisers grew its holdings in Amphenol by 2.3% in the 1st quarter. Rhumbline Advisers now owns 2,414,238 shares of the electronics maker's stock worth $158,350,000 after acquiring an additional 55,119 shares during the last quarter. Bowman & Co S.C. bought a new position in shares of Amphenol during the first quarter valued at about $276,000. Finally, Fifth Third Wealth Advisors LLC raised its position in Amphenol by 2.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 23,821 shares of the electronics maker's stock valued at $1,562,000 after purchasing an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

Shares of APH stock traded up $0.77 on Thursday, hitting $92.68. 4,267,785 shares of the stock traded hands, compared to its average volume of 7,462,106. 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 Co. has a 52 week low of $54.77 and a 52 week high of $93.30. The firm has a 50 day simple moving average of $76.14 and a two-hundred day simple moving average of $71.93. The firm has a market cap of $112.11 billion, a price-to-earnings ratio of 48.40, a PEG ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share 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 firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The business's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. The Goldman Sachs Group raised their price objective on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. TD Securities increased their target price on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, Citigroup upped their price target on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and a consensus target price of $86.31.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 390,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the sale, the insider now owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. The trade was a 46.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the sale, the vice president now owns 152,412 shares of the company's stock, valued at $13,532,661.48. The trade was a 20.79% 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 valued at $294,839,785 over the last 90 days. Insiders own 1.67% of the company's stock.

About Amphenol

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.