3,382 Shares in Amphenol Corporation (NYSE:APH) Bought by SFE Investment Counsel

SFE Investment Counsel purchased a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,382 shares of the electronics maker's stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APH. Norges Bank bought a new position in shares of Amphenol during the 4th quarter valued at approximately $1,378,794,000. Bank of America Corp DE increased its stake in Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after buying an additional 15,837,407 shares during the period. Wellington Management Group LLP boosted its position in Amphenol by 619.9% during the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after purchasing an additional 6,039,845 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after purchasing an additional 3,933,269 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In other news, VP David M. Silverman sold 100,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the sale, the vice president owned 12,500 shares of the company's stock, valued at approximately $1,113,625. This trade represents a 88.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the transaction, the insider owned 451,790 shares in the company, valued at $41,307,159.70. This represents a 38.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 799,500 shares of company stock worth $70,053,885 over the last 90 days. Insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of research reports. Robert W. Baird lifted their target price on Amphenol from $113.00 to $118.00 and gave the stock an "outperform" rating in a report on Thursday. Evercore ISI upped their target price on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. boosted their price target on Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday. Citigroup upped their target price on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday. Finally, Industrial Alliance Securities set a $115.00 price target on Amphenol in a report on Friday, July 11th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.23.

Amphenol Stock Up 0.5%

APH stock traded up $0.50 during mid-day trading on Friday, reaching $104.96. The company had a trading volume of 7,303,018 shares, compared to its average volume of 8,704,418. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.36 and a current ratio of 2.02. The company has a market capitalization of $126.96 billion, a price-to-earnings ratio of 41.82, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. The firm has a fifty day simple moving average of $95.00 and a 200 day simple moving average of $78.41. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $108.85.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the company earned $0.44 EPS. The business's quarterly revenue was up 56.5% on a year-over-year basis. Analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 26.29%.

Amphenol Company 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.