Amphenol Co. (NYSE:APH) Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. increased its position in Amphenol Co. (NYSE:APH) by 23.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,081 shares of the electronics maker’s stock after acquiring an additional 4,162 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Amphenol were worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Norges Bank purchased a new position in Amphenol in the 4th quarter worth $1,378,794,000. Bank of America Corp DE raised its stake in Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock worth $1,733,027,000 after acquiring an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock worth $4,091,426,000 after acquiring an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP raised its stake in Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock worth $487,130,000 after acquiring an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Amphenol by 118.4% in the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker’s stock worth $503,975,000 after acquiring an additional 3,933,269 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

NYSE:APH opened at $92.00 on Thursday. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $92.41. 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 stock has a market capitalization of $111.28 billion, a PE ratio of 48.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The stock’s 50-day moving average price is $76.14 and its 200-day moving average price is $71.93.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the firm earned $0.40 EPS. The company’s quarterly revenue was up 47.7% on a year-over-year basis. As a group, equities analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s dividend payout ratio (DPR) is presently 32.04%.

Insider Activity

In related news, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the sale, the insider now directly owns 451,790 shares in the company, valued at approximately $41,307,159.70. The trade was a 38.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the completion of the sale, the vice president now owns 12,500 shares in the company, valued at approximately $1,113,625. The trade was a 88.89% 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 worth $294,839,785 in the last ninety days. Company insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on APH shares. UBS Group raised their target price on Amphenol from $85.00 to $106.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. TD Securities raised their target price on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Citigroup lifted their price objective on Amphenol from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Finally, The Goldman Sachs Group lifted their price objective on Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.38.

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.