Curat Global LLC Takes Position in Amphenol Co. (NYSE:APH)

Curat Global LLC purchased a new stake in Amphenol Co. (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,336 shares of the electronics maker's stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. WASHINGTON TRUST Co boosted its position in Amphenol by 23.0% in the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after buying an additional 147 shares during the period. MJP Associates Inc. ADV lifted its position in shares of Amphenol by 2.3% during the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock worth $509,000 after purchasing an additional 166 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Amphenol by 3.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock worth $381,000 after purchasing an additional 173 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its position in shares of Amphenol by 3.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock worth $363,000 after purchasing an additional 177 shares during the last quarter. Finally, New Republic Capital LLC lifted its position in shares of Amphenol by 4.2% during the 4th quarter. New Republic Capital LLC now owns 4,516 shares of the electronics maker's stock worth $314,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

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 value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Also, insider Luc Walter sold 286,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly 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 3,764,500 shares of company stock valued at $294,839,785 over the last ninety days. Corporate insiders own 1.67% of the company's stock.

Amphenol Stock Performance

NYSE APH traded up $0.90 during trading on Friday, reaching $93.42. The company's stock had a trading volume of 4,289,285 shares, compared to its average volume of 7,471,695. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm has a market cap of $113.00 billion, a price-to-earnings ratio of 48.78, a P/E/G ratio of 1.92 and a beta of 1.12. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $93.68. The business's fifty day moving average price is $77.23 and its 200-day moving average price is $72.24.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. As a group, analysts anticipate 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. Investors of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.71%. Amphenol's dividend payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on APH shares. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. UBS Group lifted their price objective on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Robert W. Baird boosted their price target on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. TD Securities boosted their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Finally, Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research report on Thursday, April 24th. 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 has a consensus rating of "Moderate Buy" and a consensus target price of $86.31.

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.