Gradient Investments LLC Increases Position in Amphenol Co. (NYSE:APH)

Gradient Investments LLC boosted its position in Amphenol Co. (NYSE:APH - Free Report) by 29.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 326,693 shares of the electronics maker's stock after acquiring an additional 73,457 shares during the period. Gradient Investments LLC's holdings in Amphenol were worth $21,428,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Tacita Capital Inc lifted 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 purchasing an additional 296 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Amphenol in the 4th quarter worth about $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol in the 4th quarter worth about $28,000. Rakuten Securities Inc. lifted its position in shares of Amphenol by 703.8% in 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 period. Finally, OFI Invest Asset Management purchased a new stake in shares of Amphenol in the 4th quarter worth about $44,000. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

NYSE:APH traded up $0.79 during mid-day trading on Thursday, hitting $92.70. The company's stock had a trading volume of 4,101,371 shares, compared to its average volume of 8,288,738. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $93.33. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market cap of $112.13 billion, a price-to-earnings ratio of 48.41, a PEG ratio of 1.92 and a beta of 1.10. The business's fifty day moving average is $76.14 and its two-hundred day moving average is $71.93.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the company posted $0.40 EPS. The company's revenue for the quarter was up 47.7% on a year-over-year basis. Analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. Amphenol's payout ratio is 32.04%.

Analysts Set New Price Targets

Several research firms have recently commented on APH. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. TD Securities increased their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. UBS Group increased their price target on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group increased their price target on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $86.31.

Insider Buying and Selling at Amphenol

In related news, insider Luc Walter sold 286,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the transaction, the insider now owns 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 is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This represents a 49.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,764,500 shares of company stock worth $294,839,785. Insiders own 1.67% of the company's stock.

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.