3,209 Shares in Amphenol Co. (NYSE:APH) Bought by Procyon Advisors LLC

Procyon Advisors LLC purchased a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,209 shares of the electronics maker's stock, valued at approximately $210,000.

Several other hedge funds also recently made changes to their positions in APH. Tacita Capital Inc raised its stake in Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new position in Amphenol during the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new position in Amphenol during the fourth quarter valued at $28,000. Rakuten Securities Inc. raised its stake in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in Amphenol during the fourth quarter valued at $44,000. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on APH shares. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Thursday, April 24th. UBS Group lifted their price objective on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Citigroup boosted their price target on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Finally, Evercore ISI boosted their price target on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.00.

Amphenol Stock Performance

Amphenol stock traded down $2.22 during mid-day trading on Friday, reaching $92.38. 7,132,279 shares of the stock traded hands, compared to its average volume of 7,509,021. The stock has a market capitalization of $111.75 billion, a PE ratio of 48.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $94.83. The business's 50-day moving average is $79.68 and its 200-day moving average is $72.80.

Amphenol (NYSE:APH - Get Free Report) last posted 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. The company had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 earnings per share. As a group, sell-side analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed 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 of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insider Buying and Selling at Amphenol

In other news, insider Luc Walter sold 390,000 shares of Amphenol 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 sale, the insider now owns 447,790 shares in the company, valued at $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William J. Doherty sold 126,000 shares of Amphenol stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,764,500 shares of company stock valued at $294,839,785. Company 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.