3,191 Shares in Amphenol Corporation (NYSE:APH) Purchased by Lewis Asset Management LLC

Lewis Asset Management LLC bought a new position in shares of Amphenol Corporation (NYSE:APH - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 3,191 shares of the electronics maker's stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Forum Financial Management LP grew its holdings in shares of Amphenol by 1.9% during the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock worth $438,000 after purchasing an additional 126 shares in the last quarter. Gallacher Capital Management LLC boosted its stake in Amphenol by 4.6% in the first quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock worth $210,000 after buying an additional 142 shares in the last quarter. Adell Harriman & Carpenter Inc. boosted its stake in Amphenol by 2.5% in the first quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock worth $389,000 after buying an additional 143 shares in the last quarter. Fullcircle Wealth LLC boosted its stake in Amphenol by 1.3% in the first quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock worth $774,000 after buying an additional 151 shares in the last quarter. Finally, Values First Advisors Inc. boosted its stake in Amphenol by 0.5% in the first quarter. Values First Advisors Inc. now owns 28,840 shares of the electronics maker's stock worth $1,895,000 after buying an additional 157 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Down 1.7%

NYSE APH traded down $1.74 during trading on Tuesday, reaching $101.97. 8,821,217 shares of the company's stock were exchanged, compared to its average volume of 7,641,856. The stock has a market cap of $123.35 billion, a P/E ratio of 49.50, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The company has a 50 day moving average price of $93.26 and a two-hundred day moving average price of $77.39. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $104.30.

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

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insider Activity

In other Amphenol news, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the transaction, the insider directly owned 447,790 shares in the company, valued at approximately $33,991,738.90. The trade was a 46.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last three months. 1.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. TD Securities upped their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. upped their price target on Amphenol from $91.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. KGI Securities initiated coverage on Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating on the stock. Finally, Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $94.07.

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.