Reliant Investment Management LLC Takes Position in Amphenol Co. (NYSE:APH)

Reliant Investment Management LLC bought a new stake in Amphenol Co. (NYSE:APH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 75,022 shares of the electronics maker's stock, valued at approximately $4,921,000. Amphenol makes up approximately 2.6% of Reliant Investment Management LLC's investment portfolio, making the stock its 25th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Capital Wealth Advisors lifted its stake in shares of Amphenol by 7.8% during the first quarter. Vanguard Capital Wealth Advisors now owns 6,900 shares of the electronics maker's stock valued at $453,000 after acquiring an additional 500 shares during the period. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in shares of Amphenol in the 1st quarter valued at about $3,929,000. Tower Wealth Partners Inc. raised its holdings in shares of Amphenol by 27.8% in the first quarter. Tower Wealth Partners Inc. now owns 3,969 shares of the electronics maker's stock valued at $260,000 after purchasing an additional 863 shares during the last quarter. Procyon Advisors LLC acquired a new stake in Amphenol in the 1st quarter valued at $210,000. Finally, Curat Global LLC acquired a new stake in shares of Amphenol in the first quarter valued at about $547,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on APH. The Goldman Sachs Group lifted their target price on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Fox Advisors upgraded 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. Robert W. Baird boosted their target price on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. 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 report on Thursday. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $86.31.

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 286,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the sale, the insider now directly owns 451,790 shares in the company, valued at $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the sale, the chief financial officer now owns 100,000 shares in the company, valued at $7,593,000. The trade was a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock valued at $294,839,785 over the last 90 days. 1.67% of the stock is owned by corporate insiders.

Amphenol Stock Performance

Shares of APH stock traded up $0.90 on Friday, hitting $93.42. The company's stock had a trading volume of 4,289,285 shares, compared to its average volume of 7,483,293. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock's 50 day moving average is $77.23 and its 200-day moving average is $72.25. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $93.68. The company has a market capitalization of $113.00 billion, a PE ratio of 48.78, a PEG ratio of 1.92 and a beta of 1.12.

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, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the business posted $0.40 EPS. The business's revenue was up 47.7% compared to the same quarter last year. Equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared 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 is currently 32.04%.

About Amphenol

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.