Tobam Has $210,000 Stake in Amphenol Co. (NYSE:APH)

Tobam trimmed its position in Amphenol Co. (NYSE:APH - Free Report) by 47.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,197 shares of the electronics maker's stock after selling 2,830 shares during the quarter. Tobam's holdings in Amphenol were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in APH. Tacita Capital Inc grew its holdings in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Amphenol in the fourth quarter worth $28,000. Rialto Wealth Management LLC acquired a new position in shares of Amphenol during the fourth quarter valued at $28,000. Rakuten Securities Inc. grew its position in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after acquiring an additional 366 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Amphenol in the 4th quarter worth about $44,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APH has been the subject of a number of analyst reports. Evercore ISI boosted their target price on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Robert W. Baird boosted their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. UBS Group raised their price target on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a report on Friday, May 30th. TD Securities lifted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen lowered shares of Amphenol from a "buy" rating to a "hold" rating in a research report on Saturday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

Amphenol Price Performance

Amphenol stock traded down $2.22 during midday trading on Friday, hitting $92.38. The company's stock had a trading volume of 7,132,279 shares, compared to its average volume of 7,509,049. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $94.83. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $111.75 billion, a PE ratio of 48.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The stock's 50-day moving average price is $80.32 and its 200-day moving average price is $72.94.

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, topping analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business's revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. Analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is 32.04%.

Insider Transactions at Amphenol

In other Amphenol news, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,920,792. The trade was a 77.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock valued at $294,839,785 over the last three months. Company insiders own 1.67% of the company's stock.

Amphenol Company 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.