4,113 Shares in Amphenol Corporation (NYSE:APH) Acquired by Zions Bancorporation National Association UT

Key Points

• Zions Bancorporation National Association UT acquired 4,113 shares of Amphenol Corporation, valued at approximately $270,000, marking a significant investment for the fund.
• Amphenol's stock was recently downgraded from a "strong-buy" rating to a "buy," while analysts from Citigroup and UBS boosted their price targets for the stock to $125.00 and $120.00, respectively.
• The company announced a quarterly dividend of $0.165 per share, with a 0.6% dividend yield, set to be paid on October 8th.

Zions Bancorporation National Association UT acquired a new stake in Amphenol Corporation (NYSE:APH - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,113 shares of the electronics maker's stock, valued at approximately $270,000.

Other large investors have also modified their holdings of the company. Hughes Financial Services LLC acquired a new stake in Amphenol during the 1st quarter worth $25,000. Avalon Trust Co boosted its stake in shares of Amphenol by 133.3% during the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after buying an additional 232 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Amphenol during the first quarter worth about $28,000. Global X Japan Co. Ltd. acquired a new position in Amphenol in the 1st quarter valued at about $44,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in Amphenol during the 4th quarter valued at approximately $48,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

APH has been the topic of several analyst reports. Wall Street Zen downgraded Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday. KGI Securities assumed coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating on the stock. Citigroup boosted their price objective on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a research note on Friday, July 11th. Finally, UBS Group boosted their price target on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.92.

Amphenol Stock Up 1.3%

APH stock opened at $110.01 on Monday. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $110.60. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The company has a market cap of $134.31 billion, a P/E ratio of 43.83, a P/E/G ratio of 1.79 and a beta of 1.13. The company's 50-day moving average price is $99.07 and its 200 day moving average price is $80.99.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the company earned $0.44 EPS. The company's quarterly revenue was up 56.5% on a year-over-year basis. On average, research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

Insider Transactions at Amphenol

In other news, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. This represents a 20.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 160,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was 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. Over the last quarter, insiders sold 586,000 shares of company stock worth $52,935,980. Corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.