Ferguson Wellman Capital Management Inc. Buys New Stake in Amphenol Co. (NYSE:APH)

Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,966 shares of the electronics maker's stock, valued at approximately $260,000.

Other institutional investors have also recently made changes to their positions in the company. Tacita Capital Inc grew its position in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Amphenol during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. grew its position in Amphenol by 703.8% during the 4th 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 stake in Amphenol during the 4th quarter worth approximately $44,000. Institutional investors own 97.01% of the company's stock.

Insider Transactions at Amphenol

In other news, VP David M. Silverman sold 87,500 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $80.03, for a total value of $7,002,625.00. Following the sale, the vice president now directly owns 12,500 shares in the company, valued at approximately $1,000,375. This trade represents a 87.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 400,000 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the sale, the chief financial officer now owns 100,000 shares in the company, valued at $7,593,000. The trade was a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

APH has been the topic of several research analyst reports. The Goldman Sachs Group boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Citigroup boosted their target price on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Wall Street Zen cut shares of Amphenol from a "buy" rating to a "hold" rating in a research note on Saturday. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Thursday, April 24th. Finally, UBS Group lifted their price objective 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. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and a consensus price target of $88.00.

Amphenol Trading Down 2.3%

NYSE APH traded down $2.22 during trading hours on Friday, reaching $92.38. The company had a trading volume of 7,132,279 shares, compared to its average volume of 7,523,156. The stock has a 50-day moving average of $80.32 and a 200 day moving average of $72.94. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $94.83. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock 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 (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. Amphenol's revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

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.