Legato Capital Management LLC Increases Stock Holdings in Amphenol Corporation (NYSE:APH)

Legato Capital Management LLC raised its position in Amphenol Corporation (NYSE:APH - Free Report) by 57.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 33,564 shares of the electronics maker's stock after purchasing an additional 12,226 shares during the period. Legato Capital Management LLC's holdings in Amphenol were worth $2,201,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APH. Norges Bank acquired a new position in shares of Amphenol in the 4th quarter worth approximately $1,378,794,000. Bank of America Corp DE lifted its position in shares of Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Amphenol by 36.8% in the 4th 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. Wellington Management Group LLP lifted its position in shares of Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after purchasing an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Amphenol by 118.4% in the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after purchasing an additional 3,933,269 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 160,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the transaction, the insider owned 451,790 shares in the company, valued at $41,307,159.70. This represents a 38.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 799,500 shares of company stock valued at $70,053,885 over the last ninety days. Insiders own 1.67% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on APH shares. Evercore ISI lifted their price objective on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. lifted 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. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research note on Thursday, April 24th. UBS Group boosted their price target on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a research note on Friday, July 11th. Four equities research 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $102.23.

Amphenol Stock Performance

NYSE APH traded up $0.50 during trading on Friday, hitting $104.96. 7,303,018 shares of the company's stock traded hands, compared to its average volume of 8,704,418. The stock has a market capitalization of $126.96 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 2.05 and a beta of 1.13. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $108.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.36 and a current ratio of 2.02. The business has a 50 day moving average of $95.00 and a 200-day moving average of $78.41.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly 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 net margin of 16.90% and a return on equity of 30.58%. The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the prior year, the firm posted $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, equities research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol's dividend 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.