Amphenol Corporation (NYSE:APH) Shares Purchased by Horizon Financial Services LLC

Horizon Financial Services LLC lifted its position in Amphenol Corporation (NYSE:APH - Free Report) by 6,442.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 184,636 shares of the electronics maker's stock after purchasing an additional 181,814 shares during the quarter. Horizon Financial Services LLC's holdings in Amphenol were worth $12,110,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Tacita Capital Inc raised its stake in shares of Amphenol by 328.9% in the fourth 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. Rialto Wealth Management LLC purchased a new position in shares of Amphenol in the fourth quarter worth about $28,000. Rakuten Securities Inc. raised its stake in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after purchasing an additional 366 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Amphenol in the fourth quarter worth about $44,000. Finally, Global X Japan Co. Ltd. purchased a new position in shares of Amphenol in the first quarter worth about $44,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

Shares of Amphenol stock traded up $0.84 on Friday, reaching $99.36. The company's stock had a trading volume of 3,180,786 shares, compared to its average volume of 7,629,996. The company has a market capitalization of $120.19 billion, a P/E ratio of 48.23, a PEG ratio of 2.24 and a beta of 1.13. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $99.71. The stock has a 50-day moving average price of $88.68 and a 200-day moving average price of $75.10. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business's revenue was up 47.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 earnings per share. Analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently commented on the company. The Goldman Sachs Group raised their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. Evercore ISI raised their target price on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Finally, KGI Securities assumed coverage on Amphenol in a report on Thursday, June 26th. They set a "hold" rating on the stock. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and an average target price of $88.00.

Insider Transactions at Amphenol

In other news, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the sale, the vice president directly owned 12,500 shares of the company's stock, valued at $1,113,625. The trade was a 88.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the sale, the chief financial officer directly owned 100,000 shares in the company, valued at $7,593,000. This 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 sold 3,764,500 shares of company stock valued at $294,839,785. Insiders own 1.67% of the company's stock.

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.