Financial Counselors Inc. Cuts Position in Amphenol Corporation (NYSE:APH)

Financial Counselors Inc. lowered its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,228 shares of the electronics maker's stock after selling 3,529 shares during the period. Financial Counselors Inc.'s holdings in Amphenol were worth $6,967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of APH. Rialto Wealth Management LLC bought a new stake in Amphenol during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. increased its holdings in Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after acquiring an additional 366 shares during the period. OFI Invest Asset Management bought a new stake in Amphenol during the 4th quarter worth approximately $44,000. Global X Japan Co. Ltd. bought a new stake in Amphenol during the 1st quarter worth approximately $44,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Amphenol in the 4th quarter worth $48,000. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. UBS Group lifted their price target on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. TD Securities increased their price target 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. KGI Securities initiated coverage on shares of Amphenol in a report on Thursday, June 26th. They issued a "hold" rating for the company. Citigroup increased their target price on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, The Goldman Sachs Group increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $88.00.

Amphenol Trading Down 1.1%

Amphenol stock traded down $1.09 during trading hours on Tuesday, reaching $97.46. The stock had a trading volume of 9,425,632 shares, compared to its average volume of 8,473,396. The stock has a market cap of $117.89 billion, a PE ratio of 47.31, a PEG ratio of 2.27 and a beta of 1.13. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $99.99. 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 company has a fifty day simple moving average of $89.61 and a 200-day simple moving average of $75.54.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.40 EPS. Analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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

Insider Activity

In other news, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the sale, the vice president owned 12,500 shares of the company's stock, valued at approximately $1,113,625. The trade was a 88.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is owned by company insiders.

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.