Amphenol Co. (NYSE:APH) Shares Purchased by Bath Savings Trust Co

Bath Savings Trust Co grew its position in Amphenol Co. (NYSE:APH - Free Report) by 60.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,257 shares of the electronics maker's stock after purchasing an additional 12,120 shares during the period. Bath Savings Trust Co's holdings in Amphenol were worth $2,116,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in Amphenol by 23.1% during the 1st quarter. Versant Capital Management Inc now owns 2,007 shares of the electronics maker's stock valued at $132,000 after acquiring an additional 377 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Amphenol by 24.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 9,267 shares of the electronics maker's stock valued at $608,000 after purchasing an additional 1,797 shares during the period. 111 Capital purchased a new stake in Amphenol in the fourth quarter valued at $2,102,000. NorthCrest Asset Manangement LLC grew its position in Amphenol by 0.7% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 276,047 shares of the electronics maker's stock worth $19,171,000 after purchasing an additional 1,932 shares during the period. Finally, TFR Capital LLC. purchased a new position in shares of Amphenol during the 4th quarter valued at about $218,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APH has been the topic of several analyst reports. Citigroup raised their target price on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday. UBS Group boosted their price objective on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research report on Friday. TD Securities boosted their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average target price of $84.38.

Amphenol Price Performance

Shares of NYSE:APH traded up $0.85 during midday trading on Friday, hitting $89.77. The company's stock had a trading volume of 21,458,563 shares, compared to its average volume of 7,493,509. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $89.98. The company has a market cap of $108.59 billion, a P/E ratio of 46.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The business's 50 day simple moving average is $74.71 and its 200 day simple moving average is $71.53.

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 15.92% and a return on equity of 25.67%. 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. On average, analysts forecast that Amphenol Co. will post 2.36 EPS for the current 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 issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is currently 32.04%.

Insiders Place Their Bets

In related news, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company's stock, valued at approximately $3,920,792. This represents a 77.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Insiders sold 3,218,500 shares of company stock valued at $245,455,405 in the last three months. 1.67% of the stock is currently owned by insiders.

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.