Baker Ellis Asset Management LLC Makes New Investment in Amphenol Co. (NYSE:APH)

Baker Ellis Asset Management LLC bought a new stake in Amphenol Co. (NYSE:APH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,000 shares of the electronics maker's stock, valued at approximately $262,000.

Several other institutional investors also recently modified their holdings of APH. Norges Bank acquired a new stake in Amphenol during the 4th quarter worth $1,378,794,000. Bank of America Corp DE grew its stake in shares of Amphenol by 294.0% during 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 increased its holdings in Amphenol by 36.8% in the fourth 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 purchasing an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP lifted 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 buying an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after buying an additional 3,933,269 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity at Amphenol

In related news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the transaction, the insider now directly owns 451,790 shares in the company, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the sale, the vice president now owns 152,412 shares of the company's stock, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group raised 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. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. TD Securities raised 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. The Goldman Sachs Group raised their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Evercore ISI raised their price objective on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.00.

Amphenol Stock Up 1.6%

APH stock traded up $1.45 during trading hours on Thursday, reaching $94.52. 5,848,166 shares of the stock were exchanged, compared to its average volume of 7,505,128. The firm's 50-day moving average is $79.00 and its 200-day moving average is $72.66. The company has a market cap of $114.33 billion, a price-to-earnings ratio of 49.36, a PEG ratio of 1.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $95.98.

Amphenol (NYSE:APH - Get Free Report) last released its 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 firm had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company's revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. On average, equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business 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 dividend yield of 0.70%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

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.