Sterling Investment Counsel LLC Invests $602,000 in Amphenol Corporation (NYSE:APH)

Sterling Investment Counsel LLC acquired a new position in shares of Amphenol Corporation (NYSE:APH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,178 shares of the electronics maker's stock, valued at approximately $602,000.

Several other institutional investors also recently modified their holdings of APH. Tacita Capital Inc lifted its position in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after buying an additional 296 shares during the period. Sierra Ocean LLC bought a new position in shares of Amphenol during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. lifted its position in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after buying an additional 366 shares during the period. Finally, OFI Invest Asset Management bought a new position in shares of Amphenol during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Trading Up 0.6%

Shares of APH opened at $93.33 on Thursday. The stock has a fifty day moving average price of $82.06 and a two-hundred day moving average price of $73.36. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $94.83. The company has a market cap of $112.89 billion, a price-to-earnings ratio of 45.31, a PEG ratio of 2.11 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last released 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. The company had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business's revenue for the quarter was up 47.7% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. Analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.71%. Amphenol's dividend payout ratio (DPR) is currently 32.04%.

Insider Activity

In related news, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the sale, the insider now directly owns 451,790 shares of the company's stock, valued at $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Lance E. D'amico sold 175,000 shares of Amphenol 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 sale, the vice president now directly owns 51,400 shares of the company's stock, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,764,500 shares of company stock valued at $294,839,785. Company insiders own 1.67% of the company's stock.

Analyst Ratings Changes

APH has been the subject of several analyst reports. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Thursday, April 24th. TD Securities raised their target price on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird raised their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Wall Street Zen downgraded Amphenol from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, US Capital Advisors set a $85.00 target price on Amphenol in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $88.00.

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.

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