Amphenol Corporation (NYSE:APH) Stock Holdings Lifted by Hendley & Co. Inc.

Hendley & Co. Inc. raised its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 20.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,760 shares of the electronics maker's stock after purchasing an additional 26,825 shares during the period. Amphenol accounts for about 3.6% of Hendley & Co. Inc.'s holdings, making the stock its 6th largest holding. Hendley & Co. Inc.'s holdings in Amphenol were worth $10,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in Amphenol during the 4th quarter valued at $1,378,794,000. Bank of America Corp DE raised its stake in Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after buying an additional 18,619,417 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after buying an additional 15,837,407 shares during the period. Wellington Management Group LLP grew its holdings in shares of Amphenol by 619.9% during the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after acquiring an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after buying an additional 3,933,269 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Amphenol

In other news, insider Luc Walter sold 286,000 shares of the 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 sale, the insider owned 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.09, for a total value of $8,909,000.00. Following the transaction, the vice president owned 12,500 shares of the company's stock, valued at approximately $1,113,625. The trade was a 88.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,764,500 shares of company stock valued at $294,839,785. Corporate insiders own 1.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Citigroup increased their target price on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. The Goldman Sachs Group lifted their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. TD Securities increased their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Finally, Robert W. Baird lifted their target price on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.00.

Amphenol Stock Performance

Shares of NYSE:APH traded down $0.96 during trading on Monday, hitting $98.50. The company's stock had a trading volume of 9,850,612 shares, compared to its average volume of 7,651,910. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The firm has a market cap of $119.15 billion, a price-to-earnings ratio of 47.82, a P/E/G ratio of 2.27 and a beta of 1.13. The company has a 50-day moving average of $89.15 and a 200-day moving average of $75.34. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $99.97.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The firm 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 revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 EPS. On average, sell-side analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.67%. Amphenol's 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.