Diversify Advisory Services LLC Invests $278,000 in Amphenol Corporation (NYSE:APH)

Diversify Advisory Services LLC purchased a new stake in Amphenol Corporation (NYSE:APH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,240 shares of the electronics maker's stock, valued at approximately $278,000.

Several other hedge funds also recently made changes to their positions in APH. Jackson Creek Investment Advisors LLC grew its holdings in Amphenol by 66.0% in the 1st quarter. Jackson Creek Investment Advisors LLC now owns 11,969 shares of the electronics maker's stock worth $785,000 after acquiring an additional 4,757 shares during the last quarter. Forum Financial Management LP grew its position 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 worth $438,000 after buying an additional 126 shares in the last quarter. Graypoint LLC boosted its stake in shares of Amphenol by 11.9% during the first quarter. Graypoint LLC now owns 6,276 shares of the electronics maker's stock valued at $412,000 after acquiring an additional 669 shares during the last quarter. Jacobson & Schmitt Advisors LLC raised its stake in Amphenol by 1.5% during the 1st quarter. Jacobson & Schmitt Advisors LLC now owns 264,513 shares of the electronics maker's stock valued at $17,349,000 after acquiring an additional 3,831 shares in the last quarter. Finally, Parcion Private Wealth LLC purchased a new position in Amphenol in the first quarter valued at about $332,000. 97.01% of the stock is owned by institutional investors.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were 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 approximately $7,593,000. This trade represents a 80.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William J. Doherty sold 160,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 in the last ninety days. Corporate insiders own 1.67% of the company's stock.

Amphenol Stock Performance

Shares of NYSE APH opened at $103.69 on Tuesday. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $104.30. The business's 50-day simple moving average is $93.26 and its 200-day simple moving average is $77.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The firm has a market cap of $125.43 billion, a price-to-earnings ratio of 50.34, a P/E/G ratio of 2.08 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter last year, the company posted $0.40 earnings per share. The firm's revenue was up 47.7% compared to the same quarter last year. As a group, equities research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is currently 32.04%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. US Capital Advisors set a $85.00 price target on shares of Amphenol in a report on Thursday, April 24th. Evercore ISI lifted their target price on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Finally, Robert W. Baird boosted their price objective on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.07.

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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