Amphenol Corporation (NYSE:APH) Shares Sold by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lessened its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 84.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 713 shares of the electronics maker's stock after selling 3,937 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in Amphenol were worth $47,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of APH. Perigon Wealth Management LLC grew its position in Amphenol by 29.4% in the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock valued at $1,144,000 after acquiring an additional 3,964 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Amphenol during the fourth quarter valued at $13,847,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Amphenol by 46.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock worth $4,589,000 after purchasing an additional 22,293 shares during the last quarter. Transcend Capital Advisors LLC increased its stake in Amphenol by 14.4% in the 1st quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock worth $295,000 after buying an additional 568 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Amphenol by 4.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after buying an additional 2,514 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider William J. Doherty sold 160,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the sale, the insider owned 451,790 shares of the company's stock, valued at $41,307,159.70. This trade represents a 38.76% decrease in their position. 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 quarter. Insiders own 1.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup increased their price target on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. KGI Securities assumed coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating for the company. Finally, Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

Amphenol Price Performance

Shares of APH traded up $0.84 during trading hours on Thursday, hitting $99.36. 3,180,786 shares of the stock were exchanged, compared to its average volume of 7,610,345. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $99.74. The company has a market cap of $120.19 billion, a price-to-earnings ratio of 48.23, a price-to-earnings-growth ratio of 2.22 and a beta of 1.13. The stock's 50-day moving average price is $88.22 and its two-hundred day moving average price is $74.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results 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. 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 business's revenue was up 47.7% on a year-over-year basis. During the same period last year, the company posted $0.40 EPS. 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 will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

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.