Fortem Financial Group LLC Acquires Shares of 8,457 Amphenol Corporation (NYSE:APH)

Fortem Financial Group LLC acquired a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,457 shares of the electronics maker's stock, valued at approximately $555,000.

Several other institutional investors have also added to or reduced their stakes in APH. Rakuten Securities Inc. increased its holdings in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after buying an additional 366 shares in the last quarter. Global X Japan Co. Ltd. bought a new position in shares of Amphenol during the 1st quarter worth about $44,000. Coppell Advisory Solutions LLC bought a new position in shares of Amphenol during the 4th quarter worth about $48,000. West Branch Capital LLC bought a new position in shares of Amphenol during the 1st quarter worth about $57,000. Finally, Colonial Trust Co SC raised its holdings in shares of Amphenol by 342.9% in the 4th quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock worth $60,000 after acquiring an additional 672 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amphenol

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 transaction, the insider owned 451,790 shares in the company, valued at $41,307,159.70. This trade represents a 38.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $30,372,000.00. Following the completion of the transaction, the chief financial officer owned 100,000 shares in the company, 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. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last three months. 1.67% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on APH shares. 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. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. KGI Securities initiated coverage on shares of Amphenol in a research note on Thursday, June 26th. They set a "hold" rating for the company. Finally, Robert W. Baird raised their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $89.15.

Amphenol Stock Up 0.4%

Shares of NYSE:APH opened at $98.74 on Friday. The firm has a fifty day moving average price of $91.20 and a two-hundred day moving average price of $76.22. 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 Corporation has a one year low of $54.77 and a one year high of $99.99. The company has a market cap of $119.44 billion, a price-to-earnings ratio of 47.93, a PEG ratio of 2.25 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last announced 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. 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 the consensus estimate of $4.20 billion. During the same period last year, the firm earned $0.40 EPS. The business's quarterly revenue was up 47.7% compared to the same quarter last year. Analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

About Amphenol

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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