Amphenol Co. (NYSE:APH) Shares Acquired by Vest Financial LLC

Vest Financial LLC lifted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 74.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,142 shares of the electronics maker's stock after purchasing an additional 5,186 shares during the quarter. Vest Financial LLC's holdings in Amphenol were worth $796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Raiffeisen Bank International AG purchased a new stake in Amphenol during the fourth quarter valued at $13,847,000. Consolidated Planning Corp boosted its stake 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 boosted its stake in Amphenol by 4.5% during the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after buying an additional 6,481 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after purchasing an additional 4,721 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in Amphenol during the fourth quarter valued at approximately $60,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Activity at Amphenol

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 of the company's stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their position. 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 quarter. 1.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on APH shares. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group increased their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Tuesday. US Capital Advisors set a $85.00 price target on Amphenol in a report on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Robert W. Baird increased their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $88.00.

Amphenol Trading Up 0.6%

NYSE:APH traded up $0.51 during trading hours on Wednesday, reaching $93.00. 7,601,462 shares of the stock were exchanged, compared to its average volume of 7,508,358. 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 business has a 50-day moving average of $79.00 and a two-hundred day moving average of $72.66. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $94.11. The company has a market capitalization of $112.49 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 1.92 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The business 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 company's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period last year, the firm earned $0.40 earnings per share. On average, equities analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm 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 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) 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.