Amphenol Corporation (NYSE:APH) Shares Bought by Whittier Trust Co.

Whittier Trust Co. raised its stake in Amphenol Corporation (NYSE:APH - Free Report) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 259,912 shares of the electronics maker's stock after buying an additional 3,061 shares during the quarter. Whittier Trust Co.'s holdings in Amphenol were worth $17,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. TimesSquare Capital Management LLC raised its position in shares of Amphenol by 12.9% during the first quarter. TimesSquare Capital Management LLC now owns 755,438 shares of the electronics maker's stock worth $49,549,000 after purchasing an additional 86,345 shares during the period. Sumitomo Life Insurance Co. raised its position in Amphenol by 5.2% in the 1st quarter. Sumitomo Life Insurance Co. now owns 49,304 shares of the electronics maker's stock valued at $3,234,000 after buying an additional 2,457 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Amphenol by 117.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,886 shares of the electronics maker's stock valued at $124,000 after buying an additional 1,020 shares during the last quarter. Baer Investment Advisory LLC raised its position in Amphenol by 16.1% in the 1st quarter. Baer Investment Advisory LLC now owns 49,977 shares of the electronics maker's stock valued at $3,312,000 after buying an additional 6,935 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its position in Amphenol by 13.0% in the 1st quarter. Apollon Wealth Management LLC now owns 77,111 shares of the electronics maker's stock valued at $5,058,000 after buying an additional 8,848 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of NYSE APH traded up $1.38 during midday trading on Thursday, hitting $101.93. 6,955,720 shares of the company's stock traded hands, compared to its average volume of 7,688,052. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $102.65. The stock has a market capitalization of $123.30 billion, a price-to-earnings ratio of 49.48, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The firm has a fifty day moving average of $92.38 and a 200 day moving average of $76.82.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. On average, analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were paid 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 yield of 0.65%. Amphenol's payout ratio is 32.04%.

Insider Activity

In related news, insider William J. Doherty sold 160,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the sale, the chief financial officer directly owned 100,000 shares in the company, valued at approximately $7,593,000. The trade was a 80.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. Company insiders own 1.67% of the company's stock.

Analyst Ratings Changes

APH has been the subject of a number of analyst reports. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. JPMorgan Chase & Co. boosted their price target on Amphenol from $91.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday. TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Evercore ISI raised their price target on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Finally, UBS Group restated a "buy" rating and issued a $115.00 price target (up previously from $106.00) on shares of Amphenol in a research report on Monday. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $93.71.

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.