Amphenol Corporation (NYSE:APH) Shares Purchased by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. increased its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 31.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,659 shares of the electronics maker's stock after buying an additional 42,044 shares during the period. Amphenol comprises approximately 1.5% of Cabot Wealth Management Inc.'s investment portfolio, making the stock its 25th largest holding. Cabot Wealth Management Inc.'s holdings in Amphenol were worth $11,456,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock valued at $10,565,279,000 after buying an additional 2,108,578 shares in the last quarter. FMR LLC raised its stake in Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after purchasing an additional 15,837,407 shares during the last quarter. Geode Capital Management LLC raised its stake in Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock valued at $1,754,672,000 after purchasing an additional 659,560 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after purchasing an additional 18,619,417 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Trading Up 0.3%

Shares of APH traded up $0.31 during mid-day trading on Friday, reaching $93.78. The stock had a trading volume of 16,439,762 shares, compared to its average volume of 7,576,986. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $94.83. The business's fifty day moving average is $83.21 and its 200 day moving average is $73.63. The firm has a market cap of $113.44 billion, a price-to-earnings ratio of 45.53, a P/E/G ratio of 2.14 and a beta of 1.12.

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 net margin of 15.58% and a return on equity of 27.68%. The firm 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 firm posted $0.40 earnings per share. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. On average, sell-side analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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 paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.70%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Robert W. Baird increased their price objective on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. UBS Group increased their price objective on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. The Goldman Sachs Group increased their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. JPMorgan Chase & Co. increased 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. Finally, Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and an average target price of $88.00.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the transaction, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at approximately $7,593,000. This trade represents a 80.00% decrease in their position. 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 over the last 90 days. 1.67% of the stock is owned by company 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.