Amphenol Corporation (NYSE:APH) Shares Purchased by Copeland Capital Management LLC

Copeland Capital Management LLC lifted its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 678.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 160,143 shares of the electronics maker's stock after acquiring an additional 139,577 shares during the quarter. Copeland Capital Management LLC's holdings in Amphenol were worth $10,504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Amphenol by 53.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 195,197 shares of the electronics maker's stock worth $12,803,000 after acquiring an additional 68,096 shares during the period. Transcend Capital Advisors LLC increased its stake 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 worth $295,000 after acquiring an additional 568 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Amphenol by 31.9% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,255 shares of the electronics maker's stock worth $516,000 after acquiring an additional 1,755 shares during the period. Diversified Trust Co increased its stake in shares of Amphenol by 13.8% in the first quarter. Diversified Trust Co now owns 16,671 shares of the electronics maker's stock worth $1,093,000 after acquiring an additional 2,024 shares during the period. Finally, CNB Bank increased its stake in shares of Amphenol by 2.9% in the first quarter. CNB Bank now owns 8,679 shares of the electronics maker's stock worth $569,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Up 0.8%

Shares of NYSE APH opened at $97.76 on Friday. The company's 50-day simple moving average is $86.34 and its 200-day simple moving average is $74.43. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $98.07. The firm has a market cap of $118.24 billion, a price-to-earnings ratio of 47.45, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12. 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 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. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the business earned $0.40 earnings per share. The company's revenue for the quarter was up 47.7% compared to the same quarter last year. Equities analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Citigroup raised their price target on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. KGI Securities assumed coverage on shares of Amphenol in a research report on Thursday. They set a "hold" rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

Insider Transactions at Amphenol

In other news, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the transaction, the insider now directly owns 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the transaction, the vice president now directly owns 152,412 shares in the company, valued at approximately $13,532,661.48. This represents a 20.79% 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 valued at $294,839,785. 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.

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