Huntleigh Advisors Inc. Invests $4.01 Million in Amphenol Corporation (NYSE:APH)

Huntleigh Advisors Inc. purchased a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 61,107 shares of the electronics maker's stock, valued at approximately $4,008,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Conning Inc. increased its position in shares of Amphenol by 1.8% during the first quarter. Conning Inc. now owns 9,091 shares of the electronics maker's stock valued at $596,000 after acquiring an additional 159 shares in the last quarter. MJP Associates Inc. ADV grew its position in Amphenol by 2.3% in the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock worth $509,000 after purchasing an additional 166 shares during the period. Beverly Hills Private Wealth LLC grew its position in Amphenol by 1.4% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker's stock worth $1,045,000 after purchasing an additional 203 shares during the period. Relyea Zuckerberg Hanson LLC grew its position in Amphenol by 6.8% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 3,309 shares of the electronics maker's stock worth $217,000 after purchasing an additional 211 shares during the period. Finally, Rossby Financial LCC grew its position in Amphenol by 2.8% in the 1st quarter. Rossby Financial LCC now owns 7,750 shares of the electronics maker's stock worth $508,000 after purchasing an additional 211 shares during the period. Institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In other news, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. The trade was a 20.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction dated 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 sale, the chief financial officer owned 100,000 shares in the company, valued at approximately $7,593,000. This trade represents a 80.00% decrease in their ownership of the stock. 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 90 days. 1.67% of the stock is owned by company insiders.

Amphenol Price Performance

Shares of APH traded down $0.96 during trading hours on Monday, reaching $98.50. 9,850,612 shares of the stock traded hands, compared to its average volume of 7,651,910. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $99.97. The company's 50-day moving average price is $89.15 and its two-hundred day moving average price is $75.34. The company has a market cap of $119.15 billion, a P/E ratio of 47.82, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 EPS. On average, analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently declared 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 0.67%. Amphenol's dividend payout ratio is currently 32.04%.

Analyst Ratings Changes

A number of research firms have commented on APH. 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 research report on Thursday, April 24th. Evercore ISI lifted 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. KGI Securities began coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating for the company. Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Finally, UBS Group lifted 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. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.