5,063 Shares in Amphenol Corporation (NYSE:APH) Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC acquired a new position in shares of Amphenol Corporation (NYSE:APH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,063 shares of the electronics maker's stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after acquiring an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after acquiring an additional 4,721 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Amphenol by 86.7% in the fourth quarter. Proficio Capital Partners LLC now owns 13,615 shares of the electronics maker's stock valued at $946,000 after acquiring an additional 6,322 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Amphenol by 18.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 83,501 shares of the electronics maker's stock valued at $5,799,000 after acquiring an additional 13,270 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Amphenol by 3.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 82,214 shares of the electronics maker's stock valued at $5,710,000 after acquiring an additional 2,970 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

Shares of NYSE:APH traded up $1.41 during trading on Friday, hitting $103.37. 6,319,433 shares of the company were exchanged, compared to its average volume of 7,654,250. The company has a market cap of $125.04 billion, a PE ratio of 50.18, a P/E/G ratio of 2.30 and a beta of 1.13. The stock has a 50 day moving average of $92.81 and a 200 day moving average of $77.04. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $104.02. 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 (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business's quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 earnings per share. As a group, equities research analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.64%. Amphenol's dividend payout ratio is currently 32.04%.

Insider Activity

In related news, insider Luc Walter sold 286,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the sale, the insider owned 451,790 shares in the company, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William J. Doherty sold 160,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The disclosure for this sale can be found here. Over 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on APH shares. TD Securities upped their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. upped their target price on Amphenol from $91.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday. KGI Securities assumed coverage on Amphenol in a report on Thursday, June 26th. They set a "hold" rating for the company. Evercore ISI increased their price objective on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Friday. Finally, Citigroup increased their price objective on Amphenol from $100.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 11th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.07.

About Amphenol

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.