SG Americas Securities LLC Buys 101,365 Shares of Amphenol Co. (NYSE:APH)

SG Americas Securities LLC boosted its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 422.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,365 shares of the electronics maker's stock after purchasing an additional 101,365 shares during the quarter. SG Americas Securities LLC's holdings in Amphenol were worth $8,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raiffeisen Bank International AG acquired a new position in Amphenol during the 4th quarter valued at approximately $13,847,000. Consolidated Planning Corp boosted its position in Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock valued at $1,192,000 after purchasing an additional 4,631 shares during the period. Kanawha Capital Management LLC boosted its position in Amphenol by 4.5% during the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after purchasing an additional 6,481 shares during the period. Revolve Wealth Partners LLC boosted its position in Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after purchasing an additional 4,721 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Amphenol during the 4th quarter valued at approximately $60,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wall Street Zen lowered Amphenol from a "buy" rating to a "hold" rating in a research report on Saturday. Robert W. Baird boosted their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. The Goldman Sachs Group boosted their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Finally, Citigroup upped their price objective on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average price target of $88.00.

Insider Activity at Amphenol

In other Amphenol news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction dated 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 now directly owns 451,790 shares of the company's stock, valued at $41,307,159.70. This represents a 38.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. Company insiders own 1.67% of the company's stock.

Amphenol Trading Down 2.3%

Shares of Amphenol stock traded down $2.22 on Friday, reaching $92.38. 7,132,279 shares of the company were exchanged, compared to its average volume of 7,523,156. The stock has a fifty day moving average price of $80.32 and a 200-day moving average price of $72.94. The firm has a market capitalization of $111.75 billion, a price-to-earnings ratio of 48.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $94.83.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share. On average, analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm 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 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol's payout ratio is 32.04%.

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.