Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Acquires New Shares in Amphenol Corporation (NYSE:APH)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. acquired a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 163,806 shares of the electronics maker's stock, valued at approximately $10,744,000. Amphenol makes up approximately 2.2% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s investment portfolio, making the stock its 16th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Forum Financial Management LP raised its stake in Amphenol by 1.9% in the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock valued at $438,000 after buying an additional 126 shares in the last quarter. Gallacher Capital Management LLC increased its holdings in shares of Amphenol by 4.6% in the 1st quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock valued at $210,000 after acquiring an additional 142 shares during the last quarter. Adell Harriman & Carpenter Inc. raised its position in shares of Amphenol by 2.5% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock worth $389,000 after acquiring an additional 143 shares in the last quarter. Fullcircle Wealth LLC lifted its stake in Amphenol by 1.3% during the first quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock worth $774,000 after purchasing an additional 151 shares during the last quarter. Finally, Values First Advisors Inc. boosted its holdings in Amphenol by 0.5% in the first quarter. Values First Advisors Inc. now owns 28,840 shares of the electronics maker's stock valued at $1,895,000 after purchasing an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Down 1.7%

APH stock traded down $1.74 during midday trading on Tuesday, hitting $101.97. The company's stock had a trading volume of 8,821,217 shares, compared to its average volume of 7,642,634. The company's fifty day moving average price is $93.26 and its 200 day moving average price is $77.39. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $104.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The stock has a market capitalization of $123.35 billion, a P/E ratio of 49.50, a PEG ratio of 2.09 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The company's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. As a group, equities research analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were paid a $0.165 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.65%. Amphenol's payout ratio is 32.04%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on APH shares. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a research note on Friday, July 11th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. Evercore ISI increased their price target on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Friday. UBS Group reiterated a "buy" rating and issued a $115.00 target price (up from $106.00) on shares of Amphenol in a research note on Monday, July 14th. Finally, Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and an average target price of $94.07.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the sale, the chief executive officer owned 2,002,507 shares of the company's stock, valued at $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 over the last ninety days. Insiders own 1.67% of the company's stock.

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.