Perennial Advisors LLC Takes Position in Amphenol Co. (NYSE:APH)

Perennial Advisors LLC bought a new position in Amphenol Co. (NYSE:APH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 183,771 shares of the electronics maker's stock, valued at approximately $12,763,000. Amphenol comprises 2.8% of Perennial Advisors LLC's portfolio, making the stock its 11th largest holding.

Several other institutional investors have also bought and sold shares of APH. Princeton Global Asset Management LLC grew its stake in Amphenol by 0.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock valued at $1,634,000 after buying an additional 136 shares in the last quarter. WASHINGTON TRUST Co increased its stake in Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after acquiring an additional 147 shares during the last quarter. MJP Associates Inc. ADV lifted its stake in Amphenol by 2.3% during the fourth quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock worth $509,000 after purchasing an additional 166 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Amphenol by 3.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock worth $381,000 after purchasing an additional 173 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its position in shares of Amphenol by 3.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock valued at $363,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Down 0.2%

Amphenol stock traded down $0.14 during trading hours on Friday, reaching $88.78. The stock had a trading volume of 3,146,517 shares, compared to its average volume of 7,455,783. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $90.13. The company has a market cap of $107.39 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The business's 50 day moving average price is $74.31 and its 200-day moving average price is $71.41.

Amphenol (NYSE:APH - Get Free Report) last announced its 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 25.67% and a net margin of 15.92%. The company 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 company posted $0.40 EPS. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. Sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.74%. Amphenol's dividend payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on APH shares. Robert W. Baird boosted their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. TD Securities lifted their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Citigroup upped their price target on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday. UBS Group lifted their price objective on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research report on Friday. Finally, 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and an average price target of $84.38.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the sale, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the 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 completion of the sale, the insider now directly owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. This trade represents a 46.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,178,500 shares of company stock worth $241,903,805. 1.67% of the stock is owned by company insiders.

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.