Consolidated Planning Corp Purchases 25,431 Shares of Amphenol Corporation (NYSE:APH)

Consolidated Planning Corp lifted its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 148.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,591 shares of the electronics maker's stock after purchasing an additional 25,431 shares during the period. Consolidated Planning Corp's holdings in Amphenol were worth $2,794,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in APH. Cambridge Investment Research Advisors Inc. boosted its holdings in Amphenol by 46.8% in 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 last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in Amphenol by 513.0% in the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 34,357 shares of the electronics maker's stock valued at $2,253,000 after acquiring an additional 28,752 shares during the last quarter. Center for Financial Planning Inc. boosted its holdings in Amphenol by 2,885.9% in the first quarter. Center for Financial Planning Inc. now owns 2,329 shares of the electronics maker's stock valued at $153,000 after acquiring an additional 2,251 shares during the last quarter. Heartland Bank & Trust Co boosted its holdings in Amphenol by 15.7% in the first quarter. Heartland Bank & Trust Co now owns 8,173 shares of the electronics maker's stock valued at $536,000 after acquiring an additional 1,110 shares during the last quarter. Finally, Monte Financial Group LLC boosted its holdings in Amphenol by 4.5% in the first quarter. Monte Financial Group LLC now owns 19,400 shares of the electronics maker's stock valued at $1,262,000 after acquiring an additional 841 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

Shares of NYSE:APH opened at $93.78 on Monday. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $94.83. The stock's 50 day moving average is $83.21 and its 200-day moving average is $73.63. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $113.44 billion, a price-to-earnings ratio of 45.53, a PEG ratio of 2.14 and a beta of 1.12.

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 for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm 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%. The business's revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share. Sell-side analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Insiders Place Their Bets

In other Amphenol news, 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 transaction of $26,148,980.00. Following the transaction, the insider now directly owns 451,790 shares of the company's stock, valued at $41,307,159.70. The trade was a 38.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the sale, the vice president now owns 152,412 shares of the company's stock, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,764,500 shares of company stock valued at $294,839,785. Corporate insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on APH shares. JPMorgan Chase & Co. upped 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. Robert W. Baird upped their target price on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. UBS Group boosted their price target 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 boosted their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.00.

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.

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