Adell Harriman & Carpenter Inc. Increases Holdings in Amphenol Corporation (NYSE:APH)

Adell Harriman & Carpenter Inc. raised its holdings in Amphenol Corporation (NYSE:APH) by 2.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,936 shares of the electronics maker’s stock after purchasing an additional 143 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Amphenol were worth $389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Perigon Wealth Management LLC raised its holdings in shares of Amphenol by 29.4% in the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker’s stock valued at $1,144,000 after buying an additional 3,964 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of Amphenol in the 4th quarter valued at about $13,847,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Amphenol by 46.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker’s stock valued at $4,589,000 after purchasing an additional 22,293 shares during the period. Transcend Capital Advisors LLC boosted its position in shares of Amphenol by 14.4% in the 1st quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker’s stock valued at $295,000 after purchasing an additional 568 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Amphenol by 4.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker’s stock valued at $4,061,000 after purchasing an additional 2,514 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore ISI upped their target price on Amphenol from $88.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, June 5th. Citigroup raised their price target on Amphenol from $85.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. KGI Securities started coverage on Amphenol in a research note on Thursday, June 26th. They issued a “hold” rating for the company. TD Securities raised their price target on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Finally, Wall Street Zen raised Amphenol from a “hold” rating to a “buy” rating in a research report on Sunday, June 22nd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average target price of $88.00.

Insider Transactions at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 175,000 shares of the business’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the transaction, the vice president owned 51,400 shares in the company, valued at $3,920,792. The trade was a 77.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business’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 owned 2,002,507 shares in the company, valued at approximately $151,649,855.11. This represents 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 in the last ninety days. Company insiders own 1.67% of the company’s stock.

Amphenol Price Performance

APH stock opened at $99.36 on Friday. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $99.71. The stock’s fifty day simple moving average is $89.15 and its 200-day simple moving average is $75.31. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $120.19 billion, a price-to-earnings ratio of 48.23, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. Equities research analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Tuesday, June 17th. Amphenol’s payout ratio is currently 32.04%.

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.