Altfest L J & Co. Inc. Invests $563,000 in Amphenol Corporation (NYSE:APH)

Key Points

• Altfest L J & Co. Inc. invested $563,000 in Amphenol Corporation, acquiring 8,577 shares during the first quarter.
• Amphenol reported a 56.5% year-over-year revenue increase, with quarterly earnings of $0.81 per share, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.165 per share, with an upcoming payment scheduled for October 8th.

Altfest L J & Co. Inc. acquired a new stake in Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,577 shares of the electronics maker's stock, valued at approximately $563,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Amphenol by 1.9% during the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock valued at $10,166,370,000 after acquiring an additional 2,870,933 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Bank of America Corp DE lifted its stake in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after buying an additional 18,619,417 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Amphenol by 14.9% in the fourth quarter. Northern Trust Corp now owns 13,065,802 shares of the electronics maker's stock valued at $907,420,000 after buying an additional 1,689,632 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Amphenol by 40.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,732,690 shares of the electronics maker's stock valued at $507,187,000 after purchasing an additional 2,211,338 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Down 0.9%

Shares of Amphenol stock opened at $108.56 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The firm has a market cap of $132.54 billion, a price-to-earnings ratio of 43.25, a PEG ratio of 1.78 and a beta of 1.13. The company has a 50-day moving average of $98.66 and a 200 day moving average of $80.69. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $110.38.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The company's revenue for the quarter was up 56.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business 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 dividend payout ratio (DPR) is presently 26.29%.

Insider Activity at Amphenol

In other news, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the sale, the vice president owned 152,412 shares in the company, valued at $13,532,661.48. This trade represents a 20.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the completion of the sale, the vice president owned 12,500 shares in the company, valued at $1,113,625. This represents a 88.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 586,000 shares of company stock worth $52,935,980. 1.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

APH has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. TD Securities boosted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. 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. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average price target of $104.92.

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.

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