Tandem Investment Advisors Inc. Has $104.76 Million Stock Holdings in Amphenol Corporation (NYSE:APH)

Tandem Investment Advisors Inc. lifted its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 37.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,597,132 shares of the electronics maker's stock after buying an additional 433,063 shares during the quarter. Amphenol accounts for 3.7% of Tandem Investment Advisors Inc.'s portfolio, making the stock its 9th biggest holding. Tandem Investment Advisors Inc. owned 0.13% of Amphenol worth $104,756,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rialto Wealth Management LLC purchased a new stake in Amphenol during the fourth quarter worth $28,000. Rakuten Securities Inc. boosted its position in shares of Amphenol by 703.8% in 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 in the last quarter. OFI Invest Asset Management acquired a new stake in Amphenol in the 4th quarter valued at about $44,000. Global X Japan Co. Ltd. acquired a new position in Amphenol during the first quarter worth about $44,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Amphenol during the fourth quarter worth about $48,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Buying and Selling

In related news, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the transaction, the vice president owned 152,412 shares of the company's stock, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the sale, the insider owned 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by insiders.

Amphenol Trading Up 0.9%

Shares of APH traded up $0.84 during mid-day trading on Friday, hitting $99.36. The company had a trading volume of 3,180,786 shares, compared to its average volume of 7,629,996. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $99.71. The business's 50-day simple moving average is $88.68 and its 200-day simple moving average is $75.10. The stock has a market cap of $120.19 billion, a PE ratio of 48.23, a P/E/G ratio of 2.24 and a beta of 1.13. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm's revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. Sell-side analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APH. Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Citigroup raised their price target on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Evercore ISI upped their price objective on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. KGI Securities initiated coverage on Amphenol in a research note on Thursday, June 26th. They set a "hold" rating on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.