Mutual Advisors LLC Buys 4,288 Shares of Amphenol Corporation (NYSE:APH)

Mutual Advisors LLC grew its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 146.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,212 shares of the electronics maker's stock after buying an additional 4,288 shares during the period. Mutual Advisors LLC's holdings in Amphenol were worth $473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Perigon Wealth Management LLC increased 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 worth $1,144,000 after purchasing an additional 3,964 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in Amphenol during the fourth quarter worth about $13,847,000. Cambridge Investment Research Advisors Inc. increased 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 worth $4,589,000 after purchasing an additional 22,293 shares during the last quarter. Transcend Capital Advisors LLC increased its position in Amphenol by 14.4% during the first quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock worth $295,000 after purchasing an additional 568 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Amphenol by 4.2% during the first quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock worth $4,061,000 after purchasing an additional 2,514 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Evercore ISI raised their price objective on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Citigroup lifted their price target on shares of Amphenol from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Finally, UBS Group lifted their price target on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $89.15.

Amphenol Stock Performance

NYSE APH traded up $0.43 during trading hours on Friday, hitting $98.74. The company had a trading volume of 6,716,903 shares, compared to its average volume of 7,667,393. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $99.99. 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 business has a fifty day simple moving average of $90.84 and a 200-day simple moving average of $76.04. The firm has a market cap of $119.44 billion, a P/E ratio of 47.93, a price-to-earnings-growth ratio of 2.24 and a beta of 1.13.

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

Amphenol Dividend Announcement

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

Insider Activity

In other Amphenol news, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the sale, the insider directly owned 447,790 shares in the company, valued at approximately $33,991,738.90. This trade represents a 46.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William J. Doherty sold 160,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 over the last quarter. Insiders own 1.67% of the company's stock.

Amphenol Company 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.