Campbell Newman Asset Management Inc. Buys New Shares in Amphenol Co. (NYSE:APH)

Campbell Newman Asset Management Inc. purchased a new position in Amphenol Co. (NYSE:APH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 271,076 shares of the electronics maker's stock, valued at approximately $17,780,000. Amphenol accounts for about 1.5% of Campbell Newman Asset Management Inc.'s investment portfolio, making the stock its 27th biggest holding.

A number of other hedge funds have also made changes to their positions in APH. Tacita Capital Inc raised its holdings in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. raised its holdings in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Amphenol during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Wall Street Zen cut Amphenol from a "buy" rating to a "hold" rating in a report on Saturday. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a report on Thursday, April 24th. Evercore ISI increased their price target on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Finally, The Goldman Sachs Group increased their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and an average target price of $88.00.

Insider Transactions at Amphenol

In related news, VP Lance E. D'amico sold 175,000 shares of Amphenol stock in a transaction 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 completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value 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 approximately $41,307,159.70. This trade represents a 38.76% 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 worth $294,839,785 over the last ninety days. Company insiders own 1.67% of the company's stock.

Amphenol Trading Up 0.9%

Amphenol stock traded up $0.83 during trading on Monday, hitting $93.32. The company had a trading volume of 5,213,764 shares, compared to its average volume of 7,513,907. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $94.83. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The company's 50 day simple moving average is $80.99 and its 200-day simple moving average is $73.08. The stock has a market cap of $112.88 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the business posted $0.40 earnings per share. The company's quarterly revenue was up 47.7% on a year-over-year basis. As a group, analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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

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.