Baer Investment Advisory LLC Makes New Investment in Amphenol Co. (NYSE:APH)

Baer Investment Advisory LLC acquired a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 43,042 shares of the electronics maker's stock, valued at approximately $2,972,000. Amphenol makes up 6.2% of Baer Investment Advisory LLC's portfolio, making the stock its 8th biggest position.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in shares of Amphenol by 208.8% during the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after acquiring an additional 18,322 shares in the last quarter. Spire Wealth Management boosted its holdings in shares of Amphenol by 34.1% during the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after acquiring an additional 25,007 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Amphenol during the 4th quarter valued at $13,847,000. Consolidated Planning Corp boosted its holdings in shares of Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock valued at $1,192,000 after acquiring an additional 4,631 shares in the last quarter. Finally, Kanawha Capital Management LLC boosted its holdings in shares of Amphenol by 4.5% during the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after acquiring an additional 6,481 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Down 0.2%

Amphenol stock traded down $0.22 during midday trading on Wednesday, reaching $88.11. The stock had a trading volume of 6,107,429 shares, compared to its average volume of 7,490,815. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $89.73. The company has a market capitalization of $106.58 billion, a P/E ratio of 46.01, a PEG ratio of 1.92 and a beta of 1.10. The company has a fifty day moving average price of $73.49 and a two-hundred day moving average price of $71.18. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the company posted $0.40 EPS. The firm's revenue was up 47.7% compared to the same quarter last year. As a group, equities analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is 32.04%.

Analysts Set New Price Targets

Several brokerages have commented on APH. The Goldman Sachs Group lifted their target price on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. TD Securities lifted their target price on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Citigroup lifted their target price on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $82.77.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 126,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction that occurred on 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 sale, the vice president now directly owns 51,400 shares of the company's stock, valued at $3,920,792. This represents a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock valued at $241,903,805 in the last three months. Corporate insiders own 1.67% of the company's stock.

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.