Trueblood Wealth Management LLC Has $865,000 Position in Amphenol Co. (NYSE:APH)

Trueblood Wealth Management LLC lifted its position in Amphenol Co. (NYSE:APH - Free Report) by 48.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,190 shares of the electronics maker's stock after purchasing an additional 4,306 shares during the quarter. Trueblood Wealth Management LLC's holdings in Amphenol were worth $865,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Oak Family Advisors LLC raised its stake in shares of Amphenol by 476.3% in the first quarter. Oak Family Advisors LLC now owns 71,435 shares of the electronics maker's stock valued at $4,685,000 after purchasing an additional 59,039 shares in the last quarter. Petredis Investment Advisors LLC raised its stake in Amphenol by 1.4% during the first quarter. Petredis Investment Advisors LLC now owns 90,066 shares of the electronics maker's stock worth $5,907,000 after acquiring an additional 1,255 shares in the last quarter. Sanibel Captiva Trust Company Inc. raised its stake in Amphenol by 19.3% during the first quarter. Sanibel Captiva Trust Company Inc. now owns 76,564 shares of the electronics maker's stock worth $5,022,000 after acquiring an additional 12,368 shares in the last quarter. SG Americas Securities LLC raised its stake in Amphenol by 422.4% during the first quarter. SG Americas Securities LLC now owns 125,365 shares of the electronics maker's stock worth $8,223,000 after acquiring an additional 101,365 shares in the last quarter. Finally, Manitou Investment Management Ltd. raised its stake in Amphenol by 42.6% during the first quarter. Manitou Investment Management Ltd. now owns 332,563 shares of the electronics maker's stock worth $21,813,000 after acquiring an additional 99,398 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Trading Down 2.3%

APH stock traded down $2.22 during midday trading on Friday, reaching $92.38. The stock had a trading volume of 7,132,279 shares, compared to its average volume of 7,523,156. The business has a fifty day simple moving average of $80.32 and a two-hundred day simple moving average of $72.94. 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 firm has a market cap of $111.75 billion, a price-to-earnings ratio of 48.24, a PEG ratio of 1.92 and a beta of 1.12. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $94.83.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company's revenue was up 47.7% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. As a group, research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a $0.165 dividend. 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 payout ratio is 32.04%.

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was 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 trade represents a 38.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the firm's 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 transaction, the vice president now owns 152,412 shares in the company, valued at approximately $13,532,661.48. This trade represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 over the last three months. 1.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Citigroup increased 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. The Goldman Sachs Group increased their price objective on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Tuesday. Robert W. Baird increased their price objective on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, TD Securities increased their price objective on 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 assigned a buy rating to the company's stock. According to data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and an average price target of $88.00.

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.