IFM Investors Pty Ltd Has $15.17 Million Stock Holdings in Amphenol Corporation (NYSE:APH)

IFM Investors Pty Ltd grew its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 9.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 232,878 shares of the electronics maker's stock after acquiring an additional 20,972 shares during the period. IFM Investors Pty Ltd's holdings in Amphenol were worth $15,174,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after purchasing an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after purchasing an additional 4,721 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Amphenol in the 4th quarter worth about $60,000. Victory Capital Management Inc. raised its position in shares of Amphenol by 5.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,134,637 shares of the electronics maker's stock valued at $78,801,000 after buying an additional 61,835 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of Amphenol by 86.7% in the fourth quarter. Proficio Capital Partners LLC now owns 13,615 shares of the electronics maker's stock valued at $946,000 after buying an additional 6,322 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. TD Securities lifted their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. KGI Securities began coverage on Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating for the company. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Evercore ISI boosted their target price on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $88.00.

Insiders Place Their Bets

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer owned 2,002,507 shares of the company's stock, valued at $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the transaction, the vice president directly owned 51,400 shares of the company's stock, valued at $3,920,792. This represents a 77.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,764,500 shares of company stock worth $294,839,785. Company insiders own 1.67% of the company's stock.

Amphenol Price Performance

NYSE APH traded down $0.96 during trading on Monday, hitting $98.50. 9,850,612 shares of the company's stock were exchanged, compared to its average volume of 7,651,910. The stock's 50 day moving average price is $89.61 and its two-hundred day moving average price is $75.54. The company has a market cap of $119.15 billion, a PE ratio of 47.82, a P/E/G ratio of 2.27 and a beta of 1.13. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $99.97. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. Research analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. Amphenol's payout ratio is presently 32.04%.

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.