Cox Capital Mgt LLC Purchases Shares of 33,497 Amphenol Co. (NYSE:APH)

Cox Capital Mgt LLC purchased a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 33,497 shares of the electronics maker's stock, valued at approximately $2,197,000. Amphenol accounts for about 1.6% of Cox Capital Mgt LLC's holdings, making the stock its 26th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of APH. Tacita Capital Inc boosted its position in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new position in Amphenol in the fourth quarter worth about $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol in the fourth quarter worth about $28,000. Rakuten Securities Inc. boosted its position in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after purchasing an additional 366 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in Amphenol in the fourth quarter worth about $44,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In related news, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction on Friday, April 25th. The stock was 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 in the company, 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 through this hyperlink. Also, insider Luc Walter sold 286,000 shares of the business's 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 transaction, the insider now owns 451,790 shares of the company's stock, valued at approximately $41,307,159.70. The trade was a 38.76% 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 worth $294,839,785 in the last quarter. 1.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on APH shares. 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 report on Thursday, April 24th. Citigroup raised their price objective on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a research note on Thursday, April 24th. Finally, TD Securities raised their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $86.31.

Amphenol Price Performance

NYSE:APH traded up $1.21 during trading hours on Thursday, reaching $93.12. The stock had a trading volume of 3,581,381 shares, compared to its average volume of 7,459,737. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $93.30. The company has a 50 day moving average price of $76.14 and a two-hundred day moving average price of $71.93. The stock has a market capitalization of $112.64 billion, a PE ratio of 48.63, a PEG ratio of 1.92 and a beta of 1.10.

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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the company posted $0.40 EPS. The company's revenue was up 47.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal 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 issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol's payout ratio is currently 32.04%.

About Amphenol

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.