Amphenol Co. (NYSE:APH) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lessened its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 349,787 shares of the electronics maker's stock after selling 12,405 shares during the quarter. Confluence Investment Management LLC's holdings in Amphenol were worth $22,943,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of APH. Tacita Capital Inc boosted its holdings in shares of 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 during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Amphenol during the fourth quarter worth $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol in the fourth quarter valued at $28,000. Rakuten Securities Inc. increased its holdings in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in Amphenol in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insiders Place Their Bets

In other news, 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William J. Doherty sold 126,000 shares of Amphenol stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,218,500 shares of company stock worth $245,455,405. 1.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

APH has been the topic of several recent analyst reports. Robert W. Baird increased their target price on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Citigroup raised their price objective on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday. US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. TD Securities raised their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, The Goldman Sachs Group raised their price objective on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and a consensus target price of $84.38.

Amphenol Stock Performance

Shares of Amphenol stock traded up $0.85 during trading hours on Friday, hitting $89.77. 21,458,563 shares of the company were exchanged, compared to its average volume of 7,529,426. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $89.98. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average of $74.71 and a 200-day moving average of $71.53. The stock has a market capitalization of $108.59 billion, a price-to-earnings ratio of 46.88, a P/E/G ratio of 1.92 and a beta of 1.10.

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

Amphenol Dividend Announcement

The company also recently disclosed 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 0.74%. Amphenol's dividend payout ratio 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.