Bridgewater Advisors Inc. Takes Position in Amphenol Corporation (NYSE:APH)

Bridgewater Advisors Inc. bought a new position in shares of Amphenol Corporation (NYSE:APH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,697 shares of the electronics maker's stock, valued at approximately $374,000.

Several other institutional investors have also recently made changes to their positions in the stock. Adell Harriman & Carpenter Inc. lifted its position in shares of Amphenol by 2.5% during the first quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock worth $389,000 after acquiring an additional 143 shares in the last quarter. Fullcircle Wealth LLC increased its holdings in shares of Amphenol by 1.3% in the first quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock worth $774,000 after purchasing an additional 151 shares during the period. Values First Advisors Inc. increased its holdings in shares of Amphenol by 0.5% in the first quarter. Values First Advisors Inc. now owns 28,840 shares of the electronics maker's stock worth $1,895,000 after purchasing an additional 157 shares during the period. Conning Inc. increased its holdings in shares of Amphenol by 1.8% in the first quarter. Conning Inc. now owns 9,091 shares of the electronics maker's stock worth $596,000 after purchasing an additional 159 shares during the period. Finally, Optimum Investment Advisors increased its holdings in shares of Amphenol by 4.0% in the first quarter. Optimum Investment Advisors now owns 4,227 shares of the electronics maker's stock worth $277,000 after purchasing an additional 164 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a report on Friday, July 11th. Citigroup upped their price target on shares of Amphenol from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Robert W. Baird increased their target price on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note 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 research note on Thursday, April 24th. Finally, TD Securities increased their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and an average price target of $94.07.

Insider Activity at Amphenol

In other news, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the sale, the vice president directly owned 12,500 shares in the company, valued at approximately $1,113,625. This trade represents a 88.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the transaction, the chief financial officer directly owned 100,000 shares in the company, valued at $7,593,000. This trade represents a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock valued at $294,839,785 in the last quarter. 1.67% of the stock is currently owned by company insiders.

Amphenol Trading Up 1.4%

Shares of NYSE:APH traded up $1.41 on Friday, reaching $103.37. 6,319,232 shares of the company traded hands, compared to its average volume of 8,347,988. The business's 50-day simple moving average is $92.81 and its 200 day simple moving average is $77.04. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $103.70. The stock has a market capitalization of $125.04 billion, a P/E ratio of 50.18, a price-to-earnings-growth ratio of 2.30 and a beta of 1.13. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same period last year, the firm earned $0.40 earnings per share. The company's revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, equities analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.64%. Amphenol's dividend payout ratio (DPR) 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.