Achmea Investment Management B.V. Sells 29,740 Shares of Amphenol Corporation (NYSE:APH)

Achmea Investment Management B.V. lessened its position in Amphenol Corporation (NYSE:APH - Free Report) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 293,664 shares of the electronics maker's stock after selling 29,740 shares during the period. Achmea Investment Management B.V.'s holdings in Amphenol were worth $19,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcend Capital Advisors LLC grew its stake in shares of Amphenol by 14.4% in the first quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock worth $295,000 after acquiring an additional 568 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Amphenol by 31.9% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,255 shares of the electronics maker's stock valued at $516,000 after buying an additional 1,755 shares in the last quarter. Diversified Trust Co increased its stake in shares of Amphenol by 13.8% in the first quarter. Diversified Trust Co now owns 16,671 shares of the electronics maker's stock worth $1,093,000 after purchasing an additional 2,024 shares in the last quarter. CNB Bank boosted its stake in shares of Amphenol by 2.9% in the first quarter. CNB Bank now owns 8,679 shares of the electronics maker's stock worth $569,000 after acquiring an additional 243 shares during the period. Finally, PDS Planning Inc raised its position in shares of Amphenol by 2.4% during the first quarter. PDS Planning Inc now owns 11,787 shares of the electronics maker's stock valued at $773,000 after buying an additional 275 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on APH. Evercore ISI upped their target price on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. The Goldman Sachs Group raised their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Citigroup lifted their price objective on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $88.00.

Insider Activity at Amphenol

In related news, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction dated 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 completion of the sale, the vice president now directly owns 51,400 shares of the company's stock, valued at $3,920,792. The trade was a 77.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the transaction, the insider now directly owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. This represents a 46.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by company insiders.

Amphenol Stock Performance

APH opened at $97.05 on Friday. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $98.52. The stock has a market cap of $117.40 billion, a P/E ratio of 47.11, a P/E/G ratio of 2.21 and a beta of 1.12. The stock's 50 day simple moving average is $85.69 and its 200 day simple moving average is $74.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The company's quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. As a group, equities analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. Amphenol's dividend payout ratio (DPR) is 32.04%.

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.

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