Davis R M Inc. Increases Stock Holdings in Amphenol Corporation (NYSE:APH)

Davis R M Inc. grew its holdings in shares of Amphenol Corporation (NYSE:APH) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,474,291 shares of the electronics maker’s stock after purchasing an additional 6,930 shares during the quarter. Amphenol makes up approximately 1.9% of Davis R M Inc.’s holdings, making the stock its 14th biggest position. Davis R M Inc.’s holdings in Amphenol were worth $96,699,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Forum Financial Management LP raised its position in Amphenol by 1.9% in the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker’s stock worth $438,000 after acquiring an additional 126 shares during the period. FourThought Financial Partners LLC increased its stake in shares of Amphenol by 4.1% in the 1st quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker’s stock worth $231,000 after purchasing an additional 139 shares in the last quarter. Gallacher Capital Management LLC raised its holdings in Amphenol by 4.6% in the 1st quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker’s stock worth $210,000 after purchasing an additional 142 shares during the period. Adell Harriman & Carpenter Inc. lifted its position in Amphenol by 2.5% during the first quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker’s stock valued at $389,000 after purchasing an additional 143 shares in the last quarter. Finally, Fullcircle Wealth LLC grew its holdings in Amphenol by 1.3% during the first quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker’s stock valued at $774,000 after purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on APH. Wall Street Zen raised Amphenol from a “hold” rating to a “buy” rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target for the company in a research report on Thursday, April 24th. KGI Securities started coverage on shares of Amphenol in a research report on Thursday, June 26th. They set a “hold” rating on the stock. Finally, Evercore ISI upped their target price on shares of Amphenol from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $102.23.

Insider Activity

In other news, VP David M. Silverman sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the transaction, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Michael R. Ivas sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president directly owned 152,412 shares of the company’s stock, valued at $13,532,661.48. This represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 799,500 shares of company stock worth $70,053,885 in the last ninety days. 1.67% of the stock is currently owned by company insiders.

Amphenol Price Performance

NYSE:APH opened at $105.42 on Thursday. The firm has a market capitalization of $128.71 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 1.76 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The business has a 50 day simple moving average of $96.19 and a 200-day simple moving average of $79.12. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $108.85.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.66 by $0.15. The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. Amphenol’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. Equities analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Company 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.