CenterBook Partners LP Purchases Shares of 21,979 Amphenol Corporation (NYSE:APH)

Key Points

• CenterBook Partners LP acquired 21,979 shares of Amphenol Corporation during Q1, adding approximately $1.44 million to its investment portfolio.
• Institutional investors now hold 97.01% of Amphenol's stock, with notable purchases from Bank of America and Price T Rowe Associates increasing their stakes significantly in Q4.
• Amphenol recently announced a quarterly dividend of $0.165 to be paid in October, reflecting a yield of 0.6% and a payout ratio of 26.29%.

CenterBook Partners LP bought a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 21,979 shares of the electronics maker's stock, valued at approximately $1,442,000.

Other large investors have also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new stake in Amphenol during the 1st quarter valued at $25,000. Avalon Trust Co grew its holdings in Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after buying an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Amphenol during the 1st quarter valued at $28,000. Global X Japan Co. Ltd. acquired a new stake in shares of Amphenol during the first quarter worth $44,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Amphenol during the fourth quarter worth $48,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on APH. JPMorgan Chase & Co. raised their price objective on Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Robert W. Baird raised their price objective on Amphenol from $113.00 to $118.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. UBS Group lifted their target price on Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Bank of America upped their price target on Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and an average target price of $104.92.

Insiders Place Their Bets

In other Amphenol news, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the sale, the vice president directly owned 12,500 shares of the company's stock, valued at $1,113,625. The trade was a 88.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 586,000 shares of company stock valued at $52,935,980. Corporate insiders own 1.67% of the company's stock.

Amphenol Stock Up 1.3%

NYSE:APH traded up $1.46 during mid-day trading on Friday, hitting $110.01. The company had a trading volume of 5,052,387 shares, compared to its average volume of 9,351,925. The business has a fifty day simple moving average of $99.07 and a 200-day simple moving average of $80.95. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $110.60. The firm has a market capitalization of $134.31 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 1.77 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The company's revenue for the quarter was up 56.5% compared to the same quarter last year. Equities analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Amphenol's payout ratio is currently 26.29%.

Amphenol 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.