Amphenol Corporation (NYSE:APH) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC cut its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 444,367 shares of the electronics maker's stock after selling 12,393 shares during the period. Crestwood Advisors Group LLC's holdings in Amphenol were worth $29,146,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in APH. Forum Financial Management LP increased its holdings in shares of Amphenol by 1.9% during the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock valued at $438,000 after acquiring an additional 126 shares in the last quarter. Gallacher Capital Management LLC raised its stake in Amphenol by 4.6% in the 1st quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock valued at $210,000 after purchasing an additional 142 shares during the last quarter. Adell Harriman & Carpenter Inc. grew its holdings in Amphenol by 2.5% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock valued at $389,000 after buying an additional 143 shares in the last quarter. Fullcircle Wealth LLC raised its stake in Amphenol by 1.3% during the first quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock worth $774,000 after purchasing an additional 151 shares during the period. Finally, Values First Advisors Inc. raised its position in shares of Amphenol by 0.5% during the 1st quarter. Values First Advisors Inc. now owns 28,840 shares of the electronics maker's stock valued at $1,895,000 after buying an additional 157 shares during the period. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on APH shares. TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Evercore ISI boosted their price objective on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $91.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average price target of $94.07.

Insider Buying and Selling at Amphenol

In other news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was 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 owned 451,790 shares of the company's stock, valued at $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the sale, the chief financial officer owned 100,000 shares in the company, valued at $7,593,000. This represents a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last three months. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

Shares of APH traded down $1.18 during trading hours on Wednesday, hitting $100.60. The company had a trading volume of 30,006,422 shares, compared to its average volume of 7,731,748. 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 business has a fifty day moving average of $93.26 and a 200-day moving average of $77.39. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $109.37. The firm has a market cap of $121.68 billion, a price-to-earnings ratio of 48.83, a PEG ratio of 2.09 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business's revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share. Equities analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.66%. Amphenol's dividend 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.