Thurston Springer Miller Herd & Titak Inc. Boosts Stake in Amphenol Co. (NYSE:APH)

Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 23.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,081 shares of the electronics maker's stock after buying an additional 4,162 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Amphenol were worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Raiffeisen Bank International AG bought a new stake in shares of Amphenol during the 4th quarter valued at about $13,847,000. Consolidated Planning Corp increased its holdings in Amphenol by 37.0% during the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock valued at $1,192,000 after buying an additional 4,631 shares during the last quarter. Kanawha Capital Management LLC raised its position in Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock worth $10,547,000 after acquiring an additional 6,481 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after acquiring an additional 4,721 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Amphenol during the 4th quarter valued at $60,000. Institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

Shares of NYSE:APH traded up $0.90 during midday trading on Friday, reaching $93.42. 4,289,285 shares of the company were exchanged, compared to its average volume of 7,467,703. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a market cap of $113.00 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The business's fifty day moving average is $76.68 and its two-hundred day moving average is $72.09. Amphenol Co. has a one year low of $54.77 and a one year high of $93.73.

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

Amphenol Announces Dividend

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 given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. Amphenol's dividend payout ratio is currently 32.04%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group raised their target price on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Citigroup raised their price objective on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised 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. Finally, TD Securities upped their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report 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. Based on data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average target price of $86.31.

Insider Activity at Amphenol

In related news, insider Luc Walter sold 286,000 shares of Amphenol 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 completion of the transaction, the insider now owns 451,790 shares in the company, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the sale, the chief executive officer now owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This trade represents 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 sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by corporate insiders.

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.