Apollon Wealth Management LLC Acquires 8,848 Shares of Amphenol Corporation (NYSE:APH)

Apollon Wealth Management LLC grew its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,111 shares of the electronics maker's stock after acquiring an additional 8,848 shares during the period. Apollon Wealth Management LLC's holdings in Amphenol were worth $5,058,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Hohimer Wealth Management LLC acquired a new position in Amphenol during the 1st quarter worth $549,000. Catalyst Financial Partners LLC boosted its holdings in shares of Amphenol by 5.4% in the 1st quarter. Catalyst Financial Partners LLC now owns 5,263 shares of the electronics maker's stock valued at $345,000 after buying an additional 269 shares during the period. Signaturefd LLC boosted its holdings in shares of Amphenol by 7.5% in the 1st quarter. Signaturefd LLC now owns 35,344 shares of the electronics maker's stock valued at $2,318,000 after buying an additional 2,474 shares during the period. Fortress Financial Solutions LLC boosted its holdings in shares of Amphenol by 6.1% in the 1st quarter. Fortress Financial Solutions LLC now owns 6,346 shares of the electronics maker's stock valued at $416,000 after buying an additional 363 shares during the period. Finally, Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Amphenol by 3.9% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 94,949 shares of the electronics maker's stock valued at $6,228,000 after buying an additional 3,602 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on APH shares. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. KGI Securities started coverage on shares of Amphenol in a report on Thursday, June 26th. They issued a "hold" rating on the stock. Evercore ISI lifted their target price on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $91.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $94.07.

Insider Activity

In related news, insider Luc Walter sold 390,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the transaction, the insider directly owned 447,790 shares in the company, valued at $33,991,738.90. This represents a 46.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, the chief executive officer owned 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,764,500 shares of company stock worth $294,839,785. Corporate insiders own 1.67% of the company's stock.

Amphenol Stock Up 1.1%

APH stock traded up $1.14 during trading hours on Friday, hitting $103.10. The company's stock had a trading volume of 3,517,831 shares, compared to its average volume of 7,643,513. The stock has a 50 day moving average price of $92.81 and a two-hundred day moving average price of $77.04. 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 Corporation has a 12 month low of $54.77 and a 12 month high of $104.02. The company has a market capitalization of $124.71 billion, a PE ratio of 50.07, a price-to-earnings-growth ratio of 2.30 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping 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 business 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. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. On average, equities research analysts expect 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 was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol's payout ratio is 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.