LaFleur & Godfrey LLC Grows Holdings in Amphenol Corporation (NYSE:APH)

LaFleur & Godfrey LLC raised its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 16.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,348 shares of the electronics maker's stock after purchasing an additional 9,547 shares during the period. LaFleur & Godfrey LLC's holdings in Amphenol were worth $4,352,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of APH. MJP Associates Inc. ADV grew its holdings in Amphenol by 2.3% during the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock valued at $509,000 after buying an additional 166 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Amphenol by 34.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 763 shares of the electronics maker's stock valued at $53,000 after acquiring an additional 196 shares in the last quarter. Beverly Hills Private Wealth LLC boosted its stake in shares of Amphenol by 1.4% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker's stock valued at $1,045,000 after acquiring an additional 203 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its position in Amphenol by 6.8% during 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 in the last quarter. Finally, Rothschild Investment LLC raised its stake in Amphenol by 10.5% in the 1st quarter. Rothschild Investment LLC now owns 2,260 shares of the electronics maker's stock valued at $148,000 after purchasing an additional 214 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APH has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. TD Securities raised their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Evercore ISI boosted their price target on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday. Finally, Citigroup lifted their price objective on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $88.00.

Insider Buying and Selling at Amphenol

In other news, VP Lance E. D'amico sold 175,000 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Luc Walter sold 390,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the transaction, the insider now directly owns 447,790 shares in the company, valued at $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last ninety days. Corporate insiders own 1.67% of the company's stock.

Amphenol Trading Up 1.3%

Shares of APH stock traded up $1.27 on Wednesday, reaching $97.07. 6,227,297 shares of the stock were exchanged, compared to its average volume of 7,606,552. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The stock has a market cap of $117.42 billion, a P/E ratio of 47.12, a price-to-earnings-growth ratio of 2.17 and a beta of 1.12. The firm has a 50 day moving average of $84.40 and a two-hundred day moving average of $73.93. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $97.41.

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, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm's revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. On average, research analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors 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 annualized dividend and a yield of 0.68%. Amphenol's payout ratio is 32.04%.

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.