Manchester Capital Management LLC Purchases 3,007 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• Manchester Capital Management LLC increased its holdings in Amphenol Corporation by 8.3%, owning 39,059 shares valued at approximately $2.56 million.
• Several institutional investors, including Bank of America Corp DE and Price T Rowe Associates Inc. MD, significantly raised their positions in Amphenol during the previous quarter, indicating strong interest in the stock.
• Amphenol reported a robust earnings performance, with an EPS of $0.81, surpassing analysts' estimates and achieving a revenue increase of 56.5% year-over-year.

Manchester Capital Management LLC raised its position in Amphenol Corporation (NYSE:APH - Free Report) by 8.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 39,059 shares of the electronics maker's stock after purchasing an additional 3,007 shares during the period. Manchester Capital Management LLC's holdings in Amphenol were worth $2,562,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APH. Brighton Jones LLC raised its stake in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of 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 acquiring an additional 4,721 shares during the period. World Investment Advisors purchased a new position in Amphenol during the 4th quarter valued at about $233,000. Arete Wealth Advisors LLC acquired a new stake in Amphenol during the fourth quarter valued at $246,000. Finally, ExodusPoint Capital Management LP bought a new position in shares of Amphenol during the 4th quarter valued at $1,830,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of NYSE:APH traded down $0.88 during midday trading on Thursday, reaching $108.62. The company had a trading volume of 1,768,349 shares, compared to its average volume of 8,527,317. 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 stock has a market cap of $132.62 billion, a P/E ratio of 43.29, a P/E/G ratio of 1.76 and a beta of 1.13. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $110.38. The company's 50 day moving average price is $98.27 and its 200 day moving average price is $80.42.

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

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio is 26.29%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. TD Securities increased their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. raised their target price on Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen raised Amphenol from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. KGI Securities started coverage on Amphenol in a research report on Thursday, June 26th. They set a "hold" rating for the company. Finally, Robert W. Baird increased their price objective on Amphenol from $113.00 to $118.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $104.92.

Insider Buying and Selling at Amphenol

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

Amphenol Company 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.