Fiduciary Group LLC Grows Stake in Amphenol Corporation (NYSE:APH)

Fiduciary Group LLC raised its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 113.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,984 shares of the electronics maker's stock after purchasing an additional 16,994 shares during the period. Fiduciary Group LLC's holdings in Amphenol were worth $2,098,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Horizon Financial Services LLC raised its position in shares of Amphenol by 6,442.7% in the 1st quarter. Horizon Financial Services LLC now owns 184,636 shares of the electronics maker's stock worth $12,110,000 after acquiring an additional 181,814 shares in the last quarter. Krane Funds Advisors LLC raised its position in shares of Amphenol by 5.2% in the 1st quarter. Krane Funds Advisors LLC now owns 7,572 shares of the electronics maker's stock worth $497,000 after acquiring an additional 371 shares in the last quarter. Compound Global Advisors LLC bought a new position in shares of Amphenol in the 1st quarter worth approximately $590,000. Kanawha Capital Management LLC raised its position in shares of Amphenol by 10.1% in the 1st quarter. Kanawha Capital Management LLC now owns 167,167 shares of the electronics maker's stock worth $10,964,000 after acquiring an additional 15,300 shares in the last quarter. Finally, NovaPoint Capital LLC grew its position in shares of Amphenol by 5.5% in the 1st quarter. NovaPoint Capital LLC now owns 56,387 shares of the electronics maker's stock worth $3,698,000 after buying an additional 2,924 shares during the period. Institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on APH shares. TD Securities upped their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. KGI Securities started coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating on the stock. Evercore ISI upped their target price on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Finally, Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $88.00.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction on 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 directly owned 100,000 shares of the company's stock, valued at approximately $7,593,000. The trade was a 80.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is owned by corporate insiders.

Amphenol Stock Up 0.9%

APH stock traded up $0.84 on Friday, reaching $99.36. 3,180,786 shares of the company traded hands, compared to its average volume of 7,629,996. The company has a market cap of $120.19 billion, a P/E ratio of 48.23, a price-to-earnings-growth ratio of 2.24 and a beta of 1.13. The firm has a fifty day simple moving average of $88.68 and a 200-day simple moving average of $75.10. Amphenol Corporation has a one year low of $54.77 and a one year high of $99.71. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36.

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, topping analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The company's quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.40 EPS. Research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is 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.