Private Capital Advisors Inc. lessened its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 1.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 235,649 shares of the electronics maker's stock after selling 3,320 shares during the period. Amphenol comprises approximately 1.8% of Private Capital Advisors Inc.'s holdings, making the stock its 12th biggest holding. Private Capital Advisors Inc.'s holdings in Amphenol were worth $15,456,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Turtle Creek Wealth Advisors LLC grew its holdings in Amphenol by 3.9% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 94,949 shares of the electronics maker's stock valued at $6,228,000 after purchasing an additional 3,602 shares in the last quarter. Florida Financial Advisors LLC grew its holdings in Amphenol by 6.4% during the 1st quarter. Florida Financial Advisors LLC now owns 5,855 shares of the electronics maker's stock valued at $384,000 after purchasing an additional 350 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in Amphenol by 5.7% during the 1st quarter. Bleakley Financial Group LLC now owns 32,461 shares of the electronics maker's stock valued at $2,129,000 after purchasing an additional 1,763 shares in the last quarter. CWM LLC grew its holdings in Amphenol by 122.0% during the 1st quarter. CWM LLC now owns 103,964 shares of the electronics maker's stock valued at $6,819,000 after purchasing an additional 57,133 shares in the last quarter. Finally, TFR Capital LLC. grew its holdings in Amphenol by 30.8% during the 1st quarter. TFR Capital LLC. now owns 4,103 shares of the electronics maker's stock valued at $269,000 after purchasing an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.
Analyst Ratings Changes
A number of research firms recently weighed in on APH. TD Securities raised their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Robert W. Baird raised their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. UBS Group raised their price objective on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Citigroup raised their price objective on shares of Amphenol from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Friday. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and a consensus price target of $89.15.
Get Our Latest Research Report on APH
Insider Transactions at Amphenol
In related news, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction dated 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 sale, the insider directly owned 451,790 shares in the company, valued at $41,307,159.70. This trade represents a 38.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 over the last 90 days. Corporate insiders own 1.67% of the company's stock.
Amphenol Trading Up 0.4%
NYSE APH opened at $98.74 on Monday. Amphenol Corporation has a one year low of $54.77 and a one year high of $99.99. The company has a 50-day simple moving average of $91.20 and a 200-day simple moving average of $76.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The firm has a market capitalization of $119.44 billion, a PE ratio of 47.93, a price-to-earnings-growth ratio of 2.26 and a beta of 1.13.
Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the business posted $0.40 EPS. The company's quarterly revenue was up 47.7% on a year-over-year basis. On average, equities analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.
Amphenol Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.67%. Amphenol's dividend payout ratio is presently 32.04%.
About Amphenol
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APH - Free Report).
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