Oak Family Advisors LLC Buys 59,039 Shares of Amphenol Co. (NYSE:APH)

Oak Family Advisors LLC grew its stake in Amphenol Co. (NYSE:APH - Free Report) by 476.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,435 shares of the electronics maker's stock after purchasing an additional 59,039 shares during the quarter. Amphenol comprises approximately 1.6% of Oak Family Advisors LLC's holdings, making the stock its 19th largest holding. Oak Family Advisors LLC's holdings in Amphenol were worth $4,685,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in APH. Norges Bank acquired a new stake in shares of Amphenol in the 4th quarter valued at approximately $1,378,794,000. Bank of America Corp DE raised its holdings in Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after buying an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Amphenol by 118.4% in the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after buying an additional 3,933,269 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company's stock, valued at approximately $3,920,792. This represents a 77.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction on Tuesday, June 3rd. The shares were 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 approximately $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 a total of 3,764,500 shares of company stock worth $294,839,785 in the last 90 days. Company insiders own 1.67% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Thursday, April 24th. UBS Group upped their target price on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Citigroup boosted their target price on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Evercore ISI boosted their price objective on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

Amphenol Stock Performance

Shares of NYSE:APH traded down $0.54 on Tuesday, hitting $92.42. The company had a trading volume of 8,667,448 shares, compared to its average volume of 7,488,876. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $94.10. The stock has a market cap of $111.79 billion, a price-to-earnings ratio of 48.26, a P/E/G ratio of 1.92 and a beta of 1.12. The stock has a 50 day moving average price of $77.73 and a 200 day moving average price of $72.38. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last issued 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 in the prior year, the firm posted $0.40 EPS. The company's revenue for the quarter was up 47.7% on a year-over-year basis. Analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

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 given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 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.