Dearborn Partners LLC Sells 76,766 Shares of Amphenol Corporation (NYSE:APH)

Dearborn Partners LLC cut its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 376,279 shares of the electronics maker's stock after selling 76,766 shares during the quarter. Dearborn Partners LLC's holdings in Amphenol were worth $24,680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of APH. Forum Financial Management LP lifted its stake in shares of Amphenol by 1.9% in the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock valued at $438,000 after buying an additional 126 shares in the last quarter. FourThought Financial Partners LLC lifted its stake in shares of Amphenol by 4.1% in the first quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker's stock valued at $231,000 after buying an additional 139 shares in the last quarter. Gallacher Capital Management LLC lifted its stake in shares of Amphenol by 4.6% in the first quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock valued at $210,000 after buying an additional 142 shares in the last quarter. Adell Harriman & Carpenter Inc. lifted its stake in shares of Amphenol by 2.5% in the first quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock valued at $389,000 after buying an additional 143 shares in the last quarter. Finally, Fullcircle Wealth LLC lifted its stake in shares of Amphenol by 1.3% in the first quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock valued at $774,000 after buying an additional 151 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on APH. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a report on Friday, July 11th. Robert W. Baird increased their target price on shares of Amphenol from $113.00 to $118.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. KGI Securities began coverage on shares of Amphenol in a report on Thursday, June 26th. They issued a "hold" rating for the company. UBS Group increased their target price on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.23.

Insider Buying and Selling at Amphenol

In related news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the transaction, the vice president directly owned 152,412 shares of the company's stock, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 586,000 shares of company stock worth $52,935,980 over the last three months. Company insiders own 1.67% of the company's stock.

Amphenol Stock Performance

APH stock traded down $2.22 during mid-day trading on Friday, hitting $104.29. The company had a trading volume of 8,736,054 shares, compared to its average volume of 8,572,310. The firm has a market cap of $127.33 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. The stock's fifty day moving average price is $96.62 and its two-hundred day moving average price is $79.39. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $108.85.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. The firm had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The company's revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the company earned $0.44 earnings per share. On average, analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Amphenol's dividend payout ratio (DPR) is presently 26.29%.

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.