Oak Ridge Investments LLC Purchases 7,807 Shares of Amphenol Co. (NYSE:APH)

Oak Ridge Investments LLC increased its position in Amphenol Co. (NYSE:APH) by 88.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,634 shares of the electronics maker’s stock after purchasing an additional 7,807 shares during the quarter. Oak Ridge Investments LLC’s holdings in Amphenol were worth $1,097,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Sowell Financial Services LLC grew its position in shares of Amphenol by 114.8% during the 1st quarter. Sowell Financial Services LLC now owns 38,747 shares of the electronics maker’s stock worth $2,594,000 after purchasing an additional 20,706 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Amphenol by 72.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 155,839 shares of the electronics maker’s stock worth $10,281,000 after purchasing an additional 65,369 shares in the last quarter. Synovus Financial Corp grew its position in shares of Amphenol by 113.7% during the 1st quarter. Synovus Financial Corp now owns 61,705 shares of the electronics maker’s stock worth $4,070,000 after purchasing an additional 32,833 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Amphenol during the 1st quarter worth approximately $1,085,000. Finally, Decatur Capital Management Inc. grew its position in shares of Amphenol by 58.0% during the 1st quarter. Decatur Capital Management Inc. now owns 56,013 shares of the electronics maker’s stock worth $3,695,000 after purchasing an additional 20,570 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

In other news, CFO Craig A. Lampo sold 144,000 shares of the firm’s stock in a transaction on Friday, May 7th. The shares were sold at an average price of $68.22, for a total transaction of $9,823,680.00. Following the completion of the transaction, the chief financial officer now owns 253,846 shares of the company’s stock, valued at $17,317,374.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jean-Luc Gavelle sold 150,000 shares of Amphenol stock in a transaction on Friday, May 21st. The stock was sold at an average price of $66.10, for a total transaction of $9,915,000.00. Following the transaction, the senior vice president now directly owns 150,000 shares of the company’s stock, valued at approximately $9,915,000. The disclosure for this sale can be found here. Insiders have sold 769,133 shares of company stock valued at $51,217,363 in the last ninety days. Insiders own 2.50% of the company’s stock.

Several analysts recently issued reports on APH shares. Evercore ISI reiterated a “buy” rating and set a $77.00 price target on shares of Amphenol in a research report on Tuesday. Morgan Stanley increased their price target on shares of Amphenol from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 29th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on shares of Amphenol from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 29th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $65.33.

Shares of NYSE:APH opened at $68.27 on Friday. The company has a market cap of $40.80 billion, a P/E ratio of 32.67, a price-to-earnings-growth ratio of 2.52 and a beta of 1.24. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.81 and a current ratio of 2.43. The company has a 50 day moving average of $67.40. Amphenol Co. has a one year low of $45.90 and a one year high of $69.62.

Amphenol (NYSE:APH) last released its quarterly earnings results on Tuesday, April 27th. The electronics maker reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.05. The firm had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.18 billion. Amphenol had a net margin of 14.16% and a return on equity of 24.16%. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. As a group, equities analysts predict that Amphenol Co. will post 2.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 14th. Stockholders of record on Tuesday, June 22nd will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, June 21st. Amphenol’s payout ratio is currently 31.02%.

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 in two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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