Cerity Partners LLC Raises Stake in Amphenol Corporation (NYSE:APH)

Cerity Partners LLC boosted its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 16.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,357,137 shares of the electronics maker's stock after purchasing an additional 191,520 shares during the quarter. Cerity Partners LLC owned about 0.11% of Amphenol worth $89,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in APH. Rakuten Securities Inc. increased its stake in shares of Amphenol by 703.8% during 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 period. Global X Japan Co. Ltd. bought a new position in Amphenol in the first quarter worth approximately $44,000. Coppell Advisory Solutions LLC purchased a new stake in Amphenol during the fourth quarter worth $48,000. West Branch Capital LLC bought a new stake in Amphenol during the 1st quarter valued at $57,000. Finally, Colonial Trust Co SC raised its position in shares of Amphenol by 342.9% in the 4th quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock worth $60,000 after acquiring an additional 672 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

NYSE APH traded up $0.43 during trading hours on Friday, hitting $98.74. 6,716,903 shares of the company's stock traded hands, compared to its average volume of 7,679,562. The company has a market capitalization of $119.44 billion, a PE ratio of 47.93, a PEG ratio of 2.25 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $99.99. The firm's 50-day moving average is $90.84 and its 200-day moving average is $76.04.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. 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 posted $0.40 EPS. The company's revenue was up 47.7% compared to the same quarter last year. Equities analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.67%. Amphenol's dividend payout ratio (DPR) is 32.04%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Amphenol from $100.00 to $115.00 and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. The Goldman Sachs Group upped their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research note on Thursday, April 24th. Finally, TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and an average target price of $89.15.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the sale, the chief financial officer owned 100,000 shares in the company, valued at approximately $7,593,000. This trade represents a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,764,500 shares of company stock worth $294,839,785. Insiders own 1.67% of the company's stock.

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.