Turtle Creek Wealth Advisors LLC Buys 3,602 Shares of Amphenol Corporation (NYSE:APH)

Turtle Creek Wealth Advisors LLC increased its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,949 shares of the electronics maker's stock after acquiring an additional 3,602 shares during the quarter. Turtle Creek Wealth Advisors LLC's holdings in Amphenol were worth $6,228,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Hughes Financial Services LLC acquired a new stake in shares of Amphenol in the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. bought a new position in Amphenol in the first quarter worth approximately $44,000. Coppell Advisory Solutions LLC acquired a new stake in Amphenol in the fourth quarter valued at approximately $48,000. West Branch Capital LLC bought a new stake in shares of Amphenol during the first quarter valued at approximately $57,000. Finally, Colonial Trust Co SC raised its position in shares of Amphenol by 342.9% during the fourth quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock worth $60,000 after purchasing an additional 672 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, May 30th. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Evercore ISI increased their price objective on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Five investment 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $89.15.

Amphenol Stock Performance

Shares of Amphenol stock opened at $98.74 on Monday. The firm has a market capitalization of $119.44 billion, a P/E ratio of 47.93, a price-to-earnings-growth ratio of 2.26 and a beta of 1.13. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The business's fifty day simple moving average is $91.20 and its 200 day simple moving average is $76.29. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $99.99.

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 company had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. As a group, analysts anticipate 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. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insiders Place Their Bets

In related news, VP Lance E. D'amico sold 175,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the sale, the vice president owned 51,400 shares of the company's stock, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 2,002,507 shares in the company, valued at $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock valued at $294,839,785 in the last quarter. 1.67% of the stock is currently owned by company 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.

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