Amphenol Corporation (NYSE:APH) Shares Sold by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE trimmed its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,579 shares of the electronics maker's stock after selling 5,060 shares during the quarter. Amphenol makes up about 3.7% of Regency Capital Management Inc. DE's portfolio, making the stock its 8th largest holding. Regency Capital Management Inc. DE's holdings in Amphenol were worth $6,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Forum Financial Management LP boosted its position in Amphenol by 1.9% during the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock valued at $438,000 after acquiring an additional 126 shares during the last quarter. Gallacher Capital Management LLC lifted its position in Amphenol by 4.6% in the 1st quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock valued at $210,000 after acquiring an additional 142 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its holdings in Amphenol by 2.5% during the first quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock worth $389,000 after buying an additional 143 shares in the last quarter. Fullcircle Wealth LLC raised its holdings in shares of Amphenol by 1.3% in the first quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock valued at $774,000 after purchasing an additional 151 shares during the last quarter. Finally, Values First Advisors Inc. lifted its position in shares of Amphenol by 0.5% during the 1st quarter. Values First Advisors Inc. now owns 28,840 shares of the electronics maker's stock worth $1,895,000 after buying an additional 157 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

Shares of Amphenol stock traded up $0.35 on Monday, hitting $103.69. 6,508,511 shares of the company traded hands, compared to its average volume of 7,637,126. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $104.78. The business has a 50-day simple moving average of $93.26 and a 200 day simple moving average of $77.39. 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 stock has a market capitalization of $125.43 billion, a P/E ratio of 50.34, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 15.58% and a return on equity of 27.68%. The business's quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS. Research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal 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 paid a $0.165 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.64%. Amphenol's dividend payout ratio (DPR) is currently 32.04%.

Insider Activity at Amphenol

In related news, 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 owned 447,790 shares of the company's stock, valued at $33,991,738.90. This represents a 46.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Lance E. D'amico sold 175,000 shares of the firm's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the sale, the vice president directly owned 51,400 shares of the company's stock, valued at $3,920,792. The trade was a 77.30% decrease in their position. 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 three months. Corporate insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

APH has been the subject of several analyst reports. TD Securities raised their target price on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. KGI Securities assumed coverage on shares of Amphenol in a report on Thursday, June 26th. They issued a "hold" rating on the stock. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a research note on Friday, July 11th. JPMorgan Chase & Co. lifted their price objective on Amphenol from $91.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.07.

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.