Amphenol Corporation (NYSE:APH) Stock Holdings Lifted by Albion Financial Group UT

Albion Financial Group UT grew its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 31,950.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 159,293 shares of the electronics maker's stock after purchasing an additional 158,796 shares during the period. Albion Financial Group UT's holdings in Amphenol were worth $10,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tacita Capital Inc raised its position 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 buying an additional 296 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. raised its holdings in Amphenol by 703.8% during 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 in the last quarter. OFI Invest Asset Management acquired a new stake in Amphenol in the fourth quarter worth approximately $44,000. Finally, Global X Japan Co. Ltd. bought a new position in Amphenol during the 1st quarter valued at $44,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Trading Down 2.0%

Shares of Amphenol stock traded down $1.96 during trading on Tuesday, hitting $96.79. The stock had a trading volume of 2,007,848 shares, compared to its average volume of 7,593,927. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $117.07 billion, a PE ratio of 47.19, a P/E/G ratio of 2.23 and a beta of 1.12. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $99.01. The stock has a 50 day simple moving average of $87.04 and a 200 day simple moving average of $74.61.

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

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Insider Activity

In other news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the transaction, the insider owned 451,790 shares in the company, valued at $41,307,159.70. This represents a 38.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was 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 directly owned 100,000 shares of the company's stock, valued at $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. In the last three months, insiders sold 3,764,500 shares of company stock worth $294,839,785. Corporate insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APH. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Evercore ISI boosted their price target on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. TD Securities raised their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research note on Thursday, April 24th. Finally, Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Thursday, April 24th. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

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.