Johnson Investment Counsel Inc. Has $76.58 Million Stock Holdings in Amphenol Corporation (NYSE:APH)

Johnson Investment Counsel Inc. lowered its stake in Amphenol Corporation (NYSE:APH - Free Report) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,167,496 shares of the electronics maker's stock after selling 33,603 shares during the quarter. Johnson Investment Counsel Inc. owned approximately 0.10% of Amphenol worth $76,576,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of APH. State of Alaska Department of Revenue raised its stake in shares of Amphenol by 3.2% during the 1st quarter. State of Alaska Department of Revenue now owns 141,846 shares of the electronics maker's stock worth $9,303,000 after purchasing an additional 4,395 shares in the last quarter. CWA Asset Management Group LLC increased its holdings in Amphenol by 6.7% during the first quarter. CWA Asset Management Group LLC now owns 10,367 shares of the electronics maker's stock worth $680,000 after buying an additional 648 shares during the last quarter. Clarius Group LLC raised its position in Amphenol by 11.7% during the first quarter. Clarius Group LLC now owns 11,747 shares of the electronics maker's stock worth $770,000 after acquiring an additional 1,228 shares in the last quarter. GSB Wealth Management LLC lifted its stake in Amphenol by 16.3% in the first quarter. GSB Wealth Management LLC now owns 21,282 shares of the electronics maker's stock valued at $1,396,000 after acquiring an additional 2,977 shares during the last quarter. Finally, Birch Hill Investment Advisors LLC grew its position in shares of Amphenol by 35.5% in the 1st quarter. Birch Hill Investment Advisors LLC now owns 787,726 shares of the electronics maker's stock valued at $51,667,000 after acquiring an additional 206,458 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Up 0.6%

APH stock opened at $93.33 on Thursday. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $94.83. 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 stock has a market capitalization of $112.89 billion, a price-to-earnings ratio of 45.31, a PEG ratio of 2.11 and a beta of 1.12. The business's fifty day moving average price is $82.06 and its two-hundred day moving average price is $73.36.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share. On average, equities 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. Investors of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is currently 32.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on APH. TD Securities upped their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. The Goldman Sachs Group raised their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Evercore ISI boosted their target price on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Finally, Citigroup raised their price target on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

Insider Buying and Selling

In other news, CFO Craig A. Lampo sold 400,000 shares of the company's 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 sale, the chief financial officer now directly owns 100,000 shares in the company, valued at approximately $7,593,000. This represents a 80.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the transaction, the insider now owns 451,790 shares in the company, valued at $41,307,159.70. The trade was a 38.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock valued at $294,839,785 over the last 90 days. 1.67% of the stock is owned by corporate insiders.

Amphenol 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.

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