Strong Tower Advisory Services Has $650,000 Stock Position in Amphenol Co. (NYSE:APH)

Strong Tower Advisory Services reduced its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 35.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,673 shares of the electronics maker's stock after selling 5,886 shares during the period. Strong Tower Advisory Services' holdings in Amphenol were worth $650,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC raised its position in Amphenol by 0.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock valued at $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co grew its stake in shares of Amphenol by 23.0% during the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock worth $55,000 after buying an additional 147 shares during the last quarter. MJP Associates Inc. ADV grew its stake in shares of Amphenol by 2.3% during the fourth quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock worth $509,000 after buying an additional 166 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of Amphenol by 3.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock worth $381,000 after buying an additional 173 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its stake in shares of Amphenol by 3.5% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock worth $363,000 after buying an additional 177 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In other news, insider Luc Walter sold 286,000 shares of the company'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 transaction, the insider now owns 451,790 shares in the company, valued at approximately $41,307,159.70. This represents 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 accessible through this link. Also, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the transaction, the chief financial officer now owns 100,000 shares in the company, valued at $7,593,000. This represents a 80.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on APH. Citigroup boosted their target price on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. The Goldman Sachs Group boosted their target price on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, TD Securities boosted their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $86.31.

Amphenol Trading Up 1.2%

Shares of Amphenol stock traded up $1.06 during trading on Thursday, hitting $92.97. The company's stock had a trading volume of 3,636,637 shares, compared to its average volume of 8,284,269. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market cap of $112.46 billion, a price-to-earnings ratio of 48.55, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The stock has a 50-day moving average price of $76.14 and a two-hundred day moving average price of $71.93. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $93.33.

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

Amphenol Dividend Announcement

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