Ayrshire Capital Management LLC Purchases 2,953 Shares of Amphenol Co. (NYSE:APH)

Ayrshire Capital Management LLC raised its holdings in Amphenol Co. (NYSE:APH) by 2.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 148,383 shares of the electronics maker’s stock after acquiring an additional 2,953 shares during the quarter. Amphenol accounts for about 4.7% of Ayrshire Capital Management LLC’s holdings, making the stock its 3rd biggest position. Ayrshire Capital Management LLC’s holdings in Amphenol were worth $9,732,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APH. Raiffeisen Bank International AG purchased a new stake in shares of Amphenol in the 4th quarter worth about $13,847,000. Consolidated Planning Corp increased its position in Amphenol by 37.0% during the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock worth $1,192,000 after purchasing an additional 4,631 shares during the last quarter. Kanawha Capital Management LLC raised its holdings in shares of Amphenol by 4.5% in the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker’s stock worth $10,547,000 after purchasing an additional 6,481 shares during the period. Revolve Wealth Partners LLC lifted its position in Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after buying an additional 4,721 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Amphenol during the 4th quarter worth $60,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. UBS Group increased their price objective on shares of Amphenol from $85.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Citigroup increased their target price on Amphenol from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. The Goldman Sachs Group lifted their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Evercore ISI upped their price objective on Amphenol from $88.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, June 5th. Finally, US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $86.31.

Amphenol Price Performance

Shares of NYSE APH opened at $92.95 on Tuesday. The company has a market capitalization of $112.43 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 1.92 and a beta of 1.12. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $93.90. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average of $77.73 and a two-hundred day moving average of $72.38.

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

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol’s dividend payout ratio is currently 32.04%.

Insider Buying and Selling

In related news, VP Lance E. D’amico sold 175,000 shares of the firm’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William J. Doherty sold 126,000 shares of Amphenol stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is owned by company insiders.

About Amphenol

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.