Amphenol Corporation $APH Shares Purchased by Empowered Funds LLC

Empowered Funds LLC grew its position in shares of Amphenol Corporation (NYSE:APH) by 11.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 166,498 shares of the electronics maker’s stock after purchasing an additional 16,759 shares during the quarter. Empowered Funds LLC’s holdings in Amphenol were worth $21,037,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Evelyn Partners Investment Management LLP lifted its holdings in shares of Amphenol by 42.7% in the first quarter. Evelyn Partners Investment Management LLP now owns 150,010 shares of the electronics maker’s stock valued at $18,954,000 after buying an additional 44,876 shares during the period. Evelyn Partners Investment Management Services Ltd grew its holdings in Amphenol by 132.7% during the first quarter. Evelyn Partners Investment Management Services Ltd now owns 45,599 shares of the electronics maker’s stock worth $5,761,000 after acquiring an additional 26,000 shares during the period. KCM Investment Advisors LLC raised its position in Amphenol by 9.4% in the first quarter. KCM Investment Advisors LLC now owns 3,658 shares of the electronics maker’s stock worth $462,000 after acquiring an additional 314 shares in the last quarter. IMG Wealth Management Inc. raised its position in Amphenol by 76.4% in the first quarter. IMG Wealth Management Inc. now owns 381 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 165 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Amphenol by 19.6% in the 1st quarter. Quantinno Capital Management LP now owns 718,905 shares of the electronics maker’s stock valued at $90,834,000 after acquiring an additional 117,929 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 61,072 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $143.90, for a total value of $8,788,260.80. Following the completion of the transaction, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at approximately $277,368,257.30. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 130,775 shares of company stock valued at $18,709,350. Company insiders own 1.42% of the company’s stock.

Amphenol Price Performance

NYSE APH opened at $143.82 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. Amphenol Corporation has a 1 year low of $102.76 and a 1 year high of $178.52. The company has a market cap of $176.93 billion, a PE ratio of 41.33, a PEG ratio of 1.28 and a beta of 1.24. The stock’s 50-day moving average price is $153.78 and its two-hundred day moving average price is $144.78.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, April 29th. The electronics maker reported $1.06 EPS for the quarter, topping the consensus estimate of $0.95 by $0.11. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.08 billion. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The business’s revenue for the quarter was up 58.4% on a year-over-year basis. During the same period last year, the company posted $0.63 earnings per share. On average, analysts predict that Amphenol Corporation will post 4.87 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, June 23rd. Amphenol’s dividend payout ratio is 28.74%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on APH shares. UBS Group restated a “buy” rating and set a $185.00 price objective (up from $178.00) on shares of Amphenol in a research report on Thursday, July 9th. Robert W. Baird set a $177.00 target price on shares of Amphenol in a research note on Thursday, April 30th. Zacks Research upgraded shares of Amphenol from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Evercore restated an “outperform” rating on shares of Amphenol in a research report on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Amphenol currently has an average rating of “Buy” and an average price target of $186.00.

Amphenol Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.