First Horizon Advisors Inc. Buys 3,455 Shares of Amphenol Corporation (NYSE:APH)

First Horizon Advisors Inc. raised its stake in Amphenol Corporation (NYSE:APH - Free Report) by 56.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,574 shares of the electronics maker's stock after acquiring an additional 3,455 shares during the quarter. First Horizon Advisors Inc.'s holdings in Amphenol were worth $628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new position in shares of Amphenol in the fourth quarter worth about $28,000. Rakuten Securities Inc. raised its holdings in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares during the last quarter. OFI Invest Asset Management bought a new position in Amphenol in the 4th quarter valued at approximately $44,000. Global X Japan Co. Ltd. bought a new position in Amphenol in the 1st quarter valued at approximately $44,000. Finally, Coppell Advisory Solutions LLC bought a new position in Amphenol in the 4th quarter valued at approximately $48,000. Institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In related news, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the sale, the insider owned 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William J. Doherty sold 160,000 shares of Amphenol 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 have sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last quarter. Insiders own 1.67% of the company's stock.

Amphenol Trading Down 1.0%

Shares of APH stock traded down $0.96 during trading hours on Monday, hitting $98.50. 9,850,612 shares of the company were exchanged, compared to its average volume of 7,651,910. The firm has a market cap of $119.15 billion, a P/E ratio of 47.82, a P/E/G ratio of 2.27 and a beta of 1.13. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $99.97. 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 company has a 50 day simple moving average of $89.61 and a two-hundred day simple moving average of $75.54.

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

Amphenol Announces Dividend

The firm 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 $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is currently 32.04%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Evercore ISI raised their price objective on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a report on Thursday, April 24th. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average price target of $88.00.

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.