Exchange Traded Concepts LLC Purchases 43,450 Shares of Amphenol Co. (NYSE:APH)

Exchange Traded Concepts LLC grew its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 79.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,415 shares of the electronics maker's stock after buying an additional 43,450 shares during the quarter. Exchange Traded Concepts LLC's holdings in Amphenol were worth $6,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. LaFleur & Godfrey LLC raised its stake in Amphenol by 1.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock worth $3,945,000 after buying an additional 825 shares in the last quarter. Brighton Jones LLC raised its position in shares of Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after acquiring an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after purchasing an additional 4,721 shares during the last quarter. Van ECK Associates Corp boosted its position in Amphenol by 1.4% during the fourth quarter. Van ECK Associates Corp now owns 221,621 shares of the electronics maker's stock valued at $15,392,000 after purchasing an additional 2,964 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Amphenol by 9.9% in the fourth quarter. Blue Trust Inc. now owns 9,642 shares of the electronics maker's stock valued at $670,000 after purchasing an additional 869 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on APH shares. Wall Street Zen cut shares of Amphenol from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group raised their target price on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Robert W. Baird upped their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Citigroup increased their price objective on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, The Goldman Sachs Group boosted their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $88.00.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the transaction, the insider now owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. The trade was a 46.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William J. Doherty sold 160,000 shares of the stock in a transaction dated Friday, May 30th. The stock was 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. Over the last ninety days, insiders sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by company insiders.

Amphenol Stock Down 2.3%

APH stock opened at $92.38 on Monday. The company has a market capitalization of $111.75 billion, a P/E ratio of 48.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $94.83. The firm's fifty day simple moving average is $80.32 and its 200-day simple moving average is $72.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate 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%. The firm's revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 earnings per share. As a group, equities research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

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.

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