9,178 Shares in Amphenol Corporation (NYSE:APH) Bought by Sterling Investment Counsel LLC

Sterling Investment Counsel LLC acquired a new position in shares of Amphenol Corporation (NYSE:APH) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,178 shares of the electronics maker’s stock, valued at approximately $602,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MJP Associates Inc. ADV grew its stake in Amphenol by 2.3% in the fourth quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker’s stock valued at $509,000 after acquiring an additional 166 shares during the period. Capital Advisors Ltd. LLC grew its stake in Amphenol by 34.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 763 shares of the electronics maker’s stock valued at $53,000 after acquiring an additional 196 shares during the period. Beverly Hills Private Wealth LLC grew its stake in Amphenol by 1.4% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker’s stock valued at $1,045,000 after acquiring an additional 203 shares during the period. Key Financial Inc grew its stake in Amphenol by 17.5% in the fourth quarter. Key Financial Inc now owns 1,398 shares of the electronics maker’s stock valued at $97,000 after acquiring an additional 208 shares during the period. Finally, Relyea Zuckerberg Hanson LLC grew its stake in Amphenol by 6.8% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 3,309 shares of the electronics maker’s stock valued at $217,000 after acquiring an additional 211 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Up 0.6%

APH stock opened at $93.33 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The stock has a market capitalization of $112.89 billion, a P/E ratio of 45.31, a P/E/G ratio of 2.11 and a beta of 1.12. The business has a 50-day moving average of $82.06 and a 200-day moving average of $73.36. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $94.83.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. Amphenol’s revenue was up 47.7% on a year-over-year basis. On average, sell-side analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business 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 dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.71%. Amphenol’s payout ratio is presently 32.04%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APH. TD Securities boosted their target price on Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. The Goldman Sachs Group boosted their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. US Capital Advisors set a $85.00 target price on Amphenol in a research note on Thursday, April 24th. Wall Street Zen lowered Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Finally, JPMorgan Chase & Co. upped their price objective on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

Insider Buying and Selling

In related news, insider Luc Walter sold 286,000 shares of the company’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 sale, the insider now owns 451,790 shares in the company, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company’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 sale, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. The trade was a 49.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,764,500 shares of company stock worth $294,839,785. Corporate insiders own 1.67% of the company’s stock.

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.