Teachers Retirement System of The State of Kentucky Purchases 4,139 Shares of Amphenol Corporation (NYSE:APH)

Teachers Retirement System of The State of Kentucky grew its position in Amphenol Corporation (NYSE:APH - Free Report) by 4.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,130 shares of the electronics maker's stock after buying an additional 4,139 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Amphenol were worth $6,108,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Forum Financial Management LP boosted its holdings in shares of Amphenol by 1.9% in the 1st quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock valued at $438,000 after buying an additional 126 shares in the last quarter. Adell Harriman & Carpenter Inc. boosted its stake in Amphenol by 2.5% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock worth $389,000 after purchasing an additional 143 shares in the last quarter. Fullcircle Wealth LLC boosted its stake in Amphenol by 1.3% in the 1st quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock worth $774,000 after purchasing an additional 151 shares in the last quarter. Values First Advisors Inc. boosted its stake in Amphenol by 0.5% in the 1st quarter. Values First Advisors Inc. now owns 28,840 shares of the electronics maker's stock worth $1,895,000 after purchasing an additional 157 shares in the last quarter. Finally, Conning Inc. boosted its stake in Amphenol by 1.8% in the 1st quarter. Conning Inc. now owns 9,091 shares of the electronics maker's stock worth $596,000 after purchasing an additional 159 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction on 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 completion of the sale, the vice president directly owned 12,500 shares of the company's stock, valued at approximately $1,113,625. The trade was a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock worth $294,839,785 in the last 90 days. 1.67% of the stock is owned by insiders.

Analyst Ratings Changes

APH has been the subject of a number of recent analyst reports. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a research note on Friday, July 11th. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $91.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. Evercore ISI lifted their target price on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $94.07.

Amphenol Price Performance

NYSE:APH opened at $103.69 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The firm has a market cap of $125.43 billion, a price-to-earnings ratio of 50.34, a price-to-earnings-growth ratio of 2.08 and a beta of 1.13. The company has a 50 day moving average price of $93.26 and a 200-day moving average price of $77.39. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $104.30.

Amphenol (NYSE:APH - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business'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 EPS. Equities research analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.64%. The ex-dividend date was Tuesday, June 17th. Amphenol's payout ratio is presently 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.

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