Rathbones Group PLC Purchases 200,393 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• Rathbones Group PLC increased its holdings in Amphenol Corporation by 6.2% in the first quarter, owning 3,419,637 shares valued at approximately $224.3 million.
• Insider Luc Walter sold 286,000 shares of Amphenol for about $26.1 million, resulting in a 38.76% decrease in his ownership of the stock.
• A majority of analysts give Amphenol a consensus rating of "Moderate Buy" with an average price target of $104.92, indicating positive growth expectations for the company.

Rathbones Group PLC raised its position in Amphenol Corporation (NYSE:APH - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,419,637 shares of the electronics maker's stock after purchasing an additional 200,393 shares during the period. Amphenol accounts for 1.1% of Rathbones Group PLC's investment portfolio, making the stock its 25th biggest position. Rathbones Group PLC owned about 0.28% of Amphenol worth $224,294,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its holdings in Amphenol by 29.4% in the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock valued at $1,144,000 after purchasing an additional 3,964 shares during the period. Raiffeisen Bank International AG bought a new position in Amphenol in the 4th quarter valued at $13,847,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Amphenol by 46.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock valued at $4,589,000 after purchasing an additional 22,293 shares during the period. Transcend Capital Advisors LLC lifted its holdings in shares of Amphenol by 14.4% during the 1st 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. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Amphenol by 4.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock worth $4,061,000 after acquiring an additional 2,514 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction 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 business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following 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 812,000 shares of company stock worth $77,703,320 over the last ninety days. Corporate insiders own 1.67% of the company's stock.

Amphenol Trading Up 0.8%

Shares of APH stock traded up $0.93 during mid-day trading on Thursday, reaching $110.76. The stock had a trading volume of 6,247,050 shares, compared to its average volume of 8,492,379. The stock's 50-day moving average price is $100.21 and its two-hundred day moving average price is $81.62. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $112.35. The firm has a market capitalization of $135.23 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 1.82 and a beta of 1.13. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $5.01 billion. During the same quarter in the previous year, the company earned $0.44 earnings per share. The company's revenue for the quarter was up 56.5% compared to the same quarter last year. Equities analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors 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 payout ratio is currently 26.29%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. KGI Securities assumed coverage on shares of Amphenol in a report on Thursday, June 26th. They set a "hold" rating for the company. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a report on Thursday, April 24th. Bank of America lifted their target price on shares of Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. Finally, Robert W. Baird lifted their target price on shares of Amphenol from $113.00 to $118.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $104.92.

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.