Amphenol Corporation (NYSE:APH) Shares Sold by Perpetual Ltd

Perpetual Ltd lowered its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 32.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,878 shares of the electronics maker's stock after selling 4,252 shares during the quarter. Perpetual Ltd's holdings in Amphenol were worth $582,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APH. PDS Planning Inc increased its stake in shares of Amphenol by 2.4% during the 1st quarter. PDS Planning Inc now owns 11,787 shares of the electronics maker's stock valued at $773,000 after acquiring an additional 275 shares during the last quarter. Penobscot Investment Management Company Inc. grew its holdings in Amphenol by 6.5% in the first quarter. Penobscot Investment Management Company Inc. now owns 163,242 shares of the electronics maker's stock valued at $10,707,000 after purchasing an additional 9,952 shares during the period. Western Wealth Management LLC increased its position in Amphenol by 9.1% during the first quarter. Western Wealth Management LLC now owns 5,218 shares of the electronics maker's stock worth $342,000 after purchasing an additional 434 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Amphenol by 19.2% during the first quarter. Sequoia Financial Advisors LLC now owns 26,893 shares of the electronics maker's stock worth $1,764,000 after purchasing an additional 4,337 shares during the period. Finally, Phillips Wealth Planners LLC boosted its holdings in shares of Amphenol by 71.1% in the 1st quarter. Phillips Wealth Planners LLC now owns 5,381 shares of the electronics maker's stock valued at $352,000 after purchasing an additional 2,236 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In related news, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company's stock, valued at $3,920,792. The trade was a 77.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael R. Ivas sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president now owns 152,412 shares in the company, valued at $13,532,661.48. The trade was a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last 90 days. 1.67% of the stock is owned by corporate insiders.

Amphenol Trading Up 0.8%

APH opened at $97.76 on Friday. The firm's 50 day moving average is $86.34 and its 200-day moving average is $74.43. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $98.07. 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 firm has a market capitalization of $118.24 billion, a P/E ratio of 47.45, a P/E/G ratio of 2.23 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm's quarterly revenue was up 47.7% on a year-over-year basis. 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. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on APH shares. KGI Securities began coverage on Amphenol in a research report on Thursday. They issued a "hold" rating on the stock. Robert W. Baird upped their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. UBS Group boosted their target price on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and an average target price of $88.00.

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.

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