Rhumbline Advisers Raises Stake in Amphenol Co. (NYSE:APH)

Rhumbline Advisers raised its holdings in Amphenol Co. (NYSE:APH - Free Report) by 2.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,414,238 shares of the electronics maker's stock after purchasing an additional 55,119 shares during the period. Rhumbline Advisers owned approximately 0.20% of Amphenol worth $158,350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Spire Wealth Management increased its holdings in Amphenol by 34.1% in the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after buying an additional 25,007 shares during the period. Raiffeisen Bank International AG acquired a new position in shares of Amphenol during the 4th quarter worth $13,847,000. Consolidated Planning Corp lifted its position in shares of Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after buying an additional 4,631 shares during the last quarter. Kanawha Capital Management LLC boosted its stake in Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after buying an additional 6,481 shares in the last quarter. Finally, Revolve Wealth Partners LLC grew its position in Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after acquiring an additional 4,721 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Insiders Place Their Bets

In other news, 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 transaction of $13,349,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company's stock, valued at $3,920,792. This trade represents a 77.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Luc Walter sold 286,000 shares of the business's 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 completion of the transaction, the insider now owns 451,790 shares in the company, valued at approximately $41,307,159.70. The trade was a 38.76% 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 in the last three months. 1.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on APH shares. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. The Goldman Sachs Group increased their price objective on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Evercore ISI boosted their target price on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday. Robert W. Baird increased their price target on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, UBS Group boosted their price objective on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Five investment 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.31.

Amphenol Trading Up 1.4%

Shares of APH stock traded up $1.28 during trading hours on Thursday, hitting $93.19. 3,096,193 shares of the company were exchanged, compared to its average volume of 7,457,453. The company has a 50 day simple moving average of $76.14 and a two-hundred day simple moving average of $71.93. The firm has a market cap of $112.72 billion, a P/E ratio of 48.66, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $93.30.

Amphenol (NYSE:APH - Get Free Report) last issued its 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 return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the business posted $0.40 EPS. The firm's revenue for the quarter was up 47.7% compared to the same quarter last year. Equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. Amphenol's dividend payout ratio is presently 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.