Buffington Mohr McNeal Has $14.23 Million Stock Holdings in Amphenol Corporation (NYSE:APH)

Buffington Mohr McNeal reduced its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 13.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 216,946 shares of the electronics maker's stock after selling 34,266 shares during the quarter. Amphenol comprises 2.8% of Buffington Mohr McNeal's portfolio, making the stock its 8th biggest holding. Buffington Mohr McNeal's holdings in Amphenol were worth $14,229,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research analysts recently commented on APH shares. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. 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 research report on Thursday, May 1st. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research report on Thursday, April 24th. KGI Securities started coverage on Amphenol in a research report on Thursday, June 26th. They set a "hold" rating on the stock. Finally, The Goldman Sachs Group lifted their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and an average target price of $88.00.

Amphenol Trading Up 0.9%

Shares of NYSE:APH traded up $0.84 during midday trading on Friday, hitting $99.36. The company had a trading volume of 3,180,786 shares, compared to its average volume of 7,629,996. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $99.71. The firm has a fifty day simple moving average of $88.68 and a 200 day simple moving average of $75.10. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The stock has a market cap of $120.19 billion, a price-to-earnings ratio of 48.23, a PEG ratio of 2.24 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly 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. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. Amphenol's revenue for the quarter 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 predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm 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. This represents a $0.66 annualized dividend and a yield of 0.66%. The ex-dividend date is Tuesday, June 17th. Amphenol's payout ratio is presently 32.04%.

Insider Activity

In other news, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the transaction, the insider owned 447,790 shares in the company, valued at $33,991,738.90. The trade was a 46.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Lance E. D'amico sold 175,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the sale, the vice president directly owned 51,400 shares of the company's stock, valued at approximately $3,920,792. The trade was a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,764,500 shares of company stock valued at $294,839,785. Company insiders own 1.67% of the company's stock.

Amphenol Company 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.