AEGON ASSET MANAGEMENT UK Plc Sells 19,446 Shares of Amphenol Co. (NYSE:APH)

AEGON ASSET MANAGEMENT UK Plc cut its holdings in Amphenol Co. (NYSE:APH - Free Report) by 8.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 222,064 shares of the electronics maker's stock after selling 19,446 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in Amphenol were worth $14,565,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in APH. Raiffeisen Bank International AG bought a new stake in Amphenol during the 4th quarter worth about $13,847,000. Consolidated Planning Corp increased its position in shares of Amphenol by 37.0% in the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock valued at $1,192,000 after acquiring an additional 4,631 shares during the last quarter. Kanawha Capital Management LLC raised its holdings in Amphenol by 4.5% during the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock worth $10,547,000 after acquiring an additional 6,481 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after purchasing an additional 4,721 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Amphenol in the fourth quarter valued at approximately $60,000. Institutional investors own 97.01% of the company's stock.

Insider Activity

In other Amphenol news, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the transaction, the insider now directly owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $13,349,000.00. Following the sale, the vice president now directly owns 51,400 shares of the company's stock, valued at approximately $3,920,792. The trade was a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last three months. Company insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on APH. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. The Goldman Sachs Group increased their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Evercore ISI lifted their price objective on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday. Citigroup upped their target price on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $86.31.

Amphenol Trading Up 0.6%

Shares of APH stock traded up $0.56 during mid-day trading on Thursday, reaching $92.47. 8,371,637 shares of the stock traded hands, compared to its average volume of 7,479,083. The stock's fifty day simple moving average is $76.14 and its two-hundred day simple moving average is $71.93. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $93.71. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a market cap of $111.85 billion, a price-to-earnings ratio of 48.29, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the business earned $0.40 earnings per share. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. On average, research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

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.