PFG Advisors Raises Holdings in Amphenol Corporation (NYSE:APH)

PFG Advisors increased its stake in Amphenol Corporation (NYSE:APH - Free Report) by 36.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,785 shares of the electronics maker's stock after buying an additional 14,695 shares during the period. PFG Advisors' holdings in Amphenol were worth $3,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in APH. Hughes Financial Services LLC bought a new stake in shares of Amphenol during the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. bought a new stake in shares of Amphenol during the first quarter valued at approximately $44,000. Coppell Advisory Solutions LLC bought a new stake in shares of Amphenol during the fourth quarter valued at approximately $48,000. Colonial Trust Co SC increased its position in shares of Amphenol by 342.9% during the fourth quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock valued at $60,000 after acquiring an additional 672 shares in the last quarter. Finally, West Branch Capital LLC bought a new stake in shares of Amphenol during the first quarter valued at approximately $57,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on APH shares. Truist Financial raised their price target on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday. Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a report on Thursday, April 24th. Evercore ISI boosted their price objective on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Finally, KGI Securities initiated coverage on shares of Amphenol in a report on Thursday, June 26th. They set a "hold" rating for the company. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $102.23.

Amphenol Stock Performance

Shares of NYSE:APH traded up $0.50 during trading on Friday, hitting $104.96. The company's stock had a trading volume of 7,303,018 shares, compared to its average volume of 8,704,418. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $108.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.36. The firm has a market cap of $126.96 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 2.06 and a beta of 1.13. The company has a 50-day moving average of $95.00 and a 200-day moving average of $78.46.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The firm had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.01 billion. During the same period in the previous year, the firm earned $0.44 EPS. The business's quarterly revenue was up 56.5% on a year-over-year basis. On average, sell-side analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. Amphenol's payout ratio is currently 26.29%.

Insider Buying and Selling

In other news, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider directly owned 451,790 shares of the company's stock, valued at $41,307,159.70. The trade was a 38.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction dated 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. Insiders sold 799,500 shares of company stock valued at $70,053,885 in the last 90 days. Corporate insiders own 1.67% of the company's stock.

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.