Kesler Norman & Wride LLC Boosts Stake in Amphenol Corporation (NYSE:APH)

Kesler Norman & Wride LLC grew its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 39.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,118 shares of the electronics maker's stock after purchasing an additional 7,413 shares during the period. Kesler Norman & Wride LLC's holdings in Amphenol were worth $1,713,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Perigon Wealth Management LLC lifted its position in Amphenol by 29.4% during the first quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock valued at $1,144,000 after purchasing an additional 3,964 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in Amphenol during the fourth quarter valued at $13,847,000. Cambridge Investment Research Advisors Inc. lifted its position in Amphenol by 46.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock valued at $4,589,000 after purchasing an additional 22,293 shares in the last quarter. Transcend Capital Advisors LLC lifted its position in shares of Amphenol by 14.4% in the first quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock valued at $295,000 after acquiring an additional 568 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Amphenol by 4.2% in the first quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after acquiring an additional 2,514 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Trading Up 0.4%

Shares of APH traded up $0.43 during mid-day trading on Friday, reaching $98.74. 6,716,903 shares of the company's stock traded hands, compared to its average volume of 7,679,563. The stock has a market cap of $119.44 billion, a P/E ratio of 47.93, a P/E/G ratio of 2.25 and a beta of 1.13. The stock's 50-day moving average is $91.20 and its two-hundred day moving average is $76.22. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $99.99. 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 (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. Research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on APH shares. 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. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Robert W. Baird lifted their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $89.15.

Insider Transactions at Amphenol

In related news, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the sale, the vice president owned 152,412 shares in the company, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 100,000 shares of the company's stock in a transaction 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 owned 12,500 shares of the company's stock, valued at approximately $1,113,625. This represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock valued at $294,839,785 in the last ninety days. Corporate 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.