Novem Group Has $1.57 Million Holdings in Amphenol Corporation (NYSE:APH)

Novem Group raised its stake in Amphenol Corporation (NYSE:APH - Free Report) by 22.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,904 shares of the electronics maker's stock after acquiring an additional 4,352 shares during the quarter. Novem Group's holdings in Amphenol were worth $1,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. increased its position in Amphenol by 7.3% in the 1st quarter. Physician Wealth Advisors Inc. now owns 3,164 shares of the electronics maker's stock valued at $208,000 after acquiring an additional 215 shares in the last quarter. Fiduciary Group LLC grew its position in shares of Amphenol by 113.4% during the 1st quarter. Fiduciary Group LLC now owns 31,984 shares of the electronics maker's stock worth $2,098,000 after buying an additional 16,994 shares during the period. Horizon Financial Services LLC grew its position in shares of Amphenol by 6,442.7% during the 1st quarter. Horizon Financial Services LLC now owns 184,636 shares of the electronics maker's stock worth $12,110,000 after buying an additional 181,814 shares during the period. Krane Funds Advisors LLC grew its position in shares of Amphenol by 5.2% during the 1st quarter. Krane Funds Advisors LLC now owns 7,572 shares of the electronics maker's stock worth $497,000 after buying an additional 371 shares during the period. Finally, Compound Global Advisors LLC acquired a new stake in shares of Amphenol during the 1st quarter worth approximately $590,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Up 0.9%

APH traded up $0.84 during trading on Friday, reaching $99.36. The company had a trading volume of 3,180,786 shares, compared to its average volume of 7,643,084. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $99.71. The business's fifty day moving average price is $89.15 and its 200 day moving average price is $75.34. The company has a market cap of $120.19 billion, a P/E ratio of 48.23, a PEG ratio of 2.27 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly 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. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The business's revenue was up 47.7% on a year-over-year basis. Equities analysts anticipate that Amphenol Corporation will post 2.36 EPS 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 paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Tuesday, June 17th. Amphenol's payout ratio is currently 32.04%.

Insider Transactions at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 400,000 shares of Amphenol 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 transaction, the chief financial officer owned 100,000 shares of the company's stock, valued at approximately $7,593,000. The trade was a 80.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the sale, the chief executive officer owned 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Robert W. Baird lifted their price target 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. TD Securities lifted their price target 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. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. 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 report on Friday, May 30th. Finally, Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

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.