Brown Miller Wealth Management LLC Purchases New Position in Amphenol Corporation (NYSE:APH)

Brown Miller Wealth Management LLC purchased a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,693 shares of the electronics maker's stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APH. Raiffeisen Bank International AG acquired a new stake in Amphenol during the 4th quarter worth approximately $13,847,000. Revolve Wealth Partners LLC lifted its stake in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after purchasing an additional 4,721 shares during the period. Assenagon Asset Management S.A. increased its position in Amphenol by 4.2% in 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. SBI Securities Co. Ltd. bought a new stake in Amphenol in the 4th quarter valued at about $60,000. Finally, New York State Common Retirement Fund increased its holdings in Amphenol by 3.9% during the 4th quarter. New York State Common Retirement Fund now owns 1,916,741 shares of the electronics maker's stock worth $133,118,000 after purchasing an additional 71,737 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares of the company's stock, valued at $3,920,792. The trade was a 77.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David M. Silverman sold 87,500 shares of Amphenol stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the sale, the vice president now owns 12,500 shares in the company, valued at approximately $1,000,375. This trade represents a 87.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,764,500 shares of company stock worth $294,839,785. Corporate insiders own 1.67% of the company's stock.

Wall Street Analyst Weigh In

APH has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Robert W. Baird raised their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. UBS Group raised their price objective on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 30th. TD Securities lifted their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Evercore ISI boosted their price objective on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a report 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

Amphenol Price Performance

Shares of NYSE APH traded up $0.53 on Wednesday, hitting $93.33. The company's stock had a trading volume of 9,920,535 shares, compared to its average volume of 7,567,655. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The company has a market capitalization of $112.89 billion, a price-to-earnings ratio of 45.31, a price-to-earnings-growth ratio of 2.11 and a beta of 1.12. The stock has a 50 day moving average of $81.51 and a 200-day moving average of $73.22. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $94.83.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. 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 prior year, the business earned $0.40 earnings per share. The business's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, research analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

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

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.