Amphenol Co. (NYSE:APH) Shares Bought by Manitou Investment Management Ltd.

Manitou Investment Management Ltd. raised its stake in Amphenol Co. (NYSE:APH - Free Report) by 42.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 332,563 shares of the electronics maker's stock after purchasing an additional 99,398 shares during the period. Amphenol makes up approximately 4.2% of Manitou Investment Management Ltd.'s holdings, making the stock its 10th biggest position. Manitou Investment Management Ltd.'s holdings in Amphenol were worth $21,813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raiffeisen Bank International AG acquired a new stake in Amphenol during the fourth quarter worth $13,847,000. Consolidated Planning Corp lifted its holdings in shares of Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after acquiring an additional 4,631 shares during the period. Kanawha Capital Management LLC boosted its position in shares of Amphenol by 4.5% during the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after acquiring an additional 6,481 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after purchasing an additional 4,721 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Amphenol during the fourth quarter worth about $60,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the sale, the chief financial officer now directly owns 100,000 shares in the company, valued at $7,593,000. This trade represents a 80.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the sale, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. The trade was a 49.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is currently owned by insiders.

Amphenol Price Performance

Shares of APH traded down $0.54 during mid-day trading on Tuesday, hitting $92.42. 8,667,448 shares of the company traded hands, compared to its average volume of 7,488,876. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $111.79 billion, a price-to-earnings ratio of 48.26, a PEG ratio of 1.92 and a beta of 1.12. The business has a 50-day moving average of $77.73 and a 200 day moving average of $72.38. Amphenol Co. has a one year low of $54.77 and a one year high of $94.10.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the company earned $0.40 EPS. The business's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, equities analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. Amphenol's payout ratio is presently 32.04%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on APH shares. UBS Group upped their price objective on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Citigroup lifted their price objective on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. Finally, TD Securities lifted their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.