Birch Hill Investment Advisors LLC Boosts Stake in Amphenol Co. (NYSE:APH)

Birch Hill Investment Advisors LLC boosted its position in Amphenol Co. (NYSE:APH - Free Report) by 35.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 787,726 shares of the electronics maker's stock after buying an additional 206,458 shares during the quarter. Amphenol makes up about 2.4% of Birch Hill Investment Advisors LLC's holdings, making the stock its 16th largest position. Birch Hill Investment Advisors LLC owned about 0.07% of Amphenol worth $51,667,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of APH. LaFleur & Godfrey LLC boosted its holdings in shares of Amphenol by 1.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock worth $3,945,000 after acquiring an additional 825 shares during the period. Brighton Jones LLC boosted its holdings in shares of Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after acquiring an additional 9,390 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after acquiring an additional 4,721 shares during the period. Blue Trust Inc. boosted its holdings in shares of Amphenol by 9.9% in the fourth quarter. Blue Trust Inc. now owns 9,642 shares of the electronics maker's stock worth $670,000 after acquiring an additional 869 shares during the period. Finally, Valeo Financial Advisors LLC boosted its holdings in shares of Amphenol by 6.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 8,609 shares of the electronics maker's stock worth $598,000 after acquiring an additional 505 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the transaction, the insider now owns 451,790 shares of the company's stock, valued at $41,307,159.70. This represents a 38.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. 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 90 days. Insiders own 1.67% of the company's stock.

Amphenol Price Performance

Shares of APH stock traded down $0.70 during trading hours on Tuesday, hitting $92.68. 12,654,358 shares of the company's stock were exchanged, compared to its average volume of 7,540,708. The business's 50 day simple moving average is $80.99 and its 200-day simple moving average is $73.08. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $94.83. The company has a market capitalization of $112.10 billion, a PE ratio of 48.40, a PEG ratio of 1.92 and a beta of 1.12. 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 released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share 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 company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the company posted $0.40 EPS. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. On average, equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is 32.04%.

Analyst Ratings Changes

A number of research firms have recently commented on APH. Evercore ISI raised their price target on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Citigroup boosted their target price 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 cut Amphenol from a "buy" rating to a "hold" rating in a research report on Saturday. Robert W. Baird boosted their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $88.00.

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.