Kentucky Retirement Systems Insurance Trust Fund Acquires 28,752 Shares of Amphenol Corporation (NYSE:APH)

Kentucky Retirement Systems Insurance Trust Fund raised its position in Amphenol Corporation (NYSE:APH - Free Report) by 513.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,357 shares of the electronics maker's stock after purchasing an additional 28,752 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Amphenol were worth $2,253,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of APH. Tacita Capital Inc lifted its stake in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after buying an additional 296 shares during the period. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at $28,000. Rakuten Securities Inc. increased its stake in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Amphenol in the 4th quarter worth about $44,000. Finally, Global X Japan Co. Ltd. purchased a new stake in Amphenol in the 1st quarter valued at about $44,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citigroup raised their price target on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Evercore ISI lifted their price target on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. TD Securities increased their target price on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a report on Thursday, April 24th. Finally, KGI Securities started coverage on shares of Amphenol in a report on Thursday. They issued a "hold" rating for the company. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.00.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 286,000 shares of the stock in a transaction on 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 completion of the sale, the insider now directly owns 451,790 shares of the company's stock, 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, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock worth $294,839,785 over the last ninety days. Company insiders own 1.67% of the company's stock.

Amphenol Stock Up 0.0%

Amphenol stock traded up $0.03 during trading hours on Thursday, hitting $97.05. The company had a trading volume of 12,473,052 shares, compared to its average volume of 7,631,973. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $97.98. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The firm has a market capitalization of $117.40 billion, a P/E ratio of 47.11, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12. The firm's fifty day moving average is $85.69 and its 200-day moving average is $74.25.

Amphenol (NYSE:APH - Get Free Report) last posted its 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. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same period in the previous year, the company earned $0.40 earnings per share. The company's revenue was up 47.7% compared to the same quarter last year. On average, research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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

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.