Ayrshire Capital Management LLC Increases Position in Amphenol Co. (NYSE:APH)

Ayrshire Capital Management LLC grew its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 2.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 148,383 shares of the electronics maker's stock after buying an additional 2,953 shares during the period. Amphenol accounts for approximately 4.7% of Ayrshire Capital Management LLC's holdings, making the stock its 3rd biggest holding. Ayrshire Capital Management LLC's holdings in Amphenol were worth $9,732,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Amphenol in the fourth quarter valued at about $1,378,794,000. Bank of America Corp DE boosted its holdings in Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after buying an additional 15,837,407 shares during the period. Wellington Management Group LLP boosted its stake in Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after acquiring an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after acquiring an additional 3,933,269 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Up 1.8%

Shares of APH traded up $1.65 during mid-day trading on Thursday, reaching $94.72. The company's stock had a trading volume of 3,620,831 shares, compared to its average volume of 8,241,891. The business has a fifty day moving average of $79.00 and a 200 day moving average of $72.66. The company has a market cap of $114.57 billion, a price-to-earnings ratio of 49.46, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $94.83. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business's revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. As a group, analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.70%. Amphenol's payout ratio is 32.04%.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm'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 now owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 in the last three months. Corporate insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Evercore ISI boosted their target price 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. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on Amphenol in a research report on Thursday, April 24th. TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group increased their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $88.00.

About Amphenol

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.