Vontobel Holding Ltd. raised its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 65.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,106,242 shares of the electronics maker's stock after purchasing an additional 1,228,271 shares during the period. Vontobel Holding Ltd. owned 0.26% of Amphenol worth $203,738,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of APH. MJP Associates Inc. ADV lifted its stake in shares of Amphenol by 2.3% in the fourth quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock valued at $509,000 after buying an additional 166 shares during the period. Beverly Hills Private Wealth LLC lifted its position in shares of Amphenol by 1.4% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker's stock worth $1,045,000 after acquiring an additional 203 shares during the period. Relyea Zuckerberg Hanson LLC grew its holdings in shares of Amphenol by 6.8% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 3,309 shares of the electronics maker's stock worth $217,000 after purchasing an additional 211 shares in the last quarter. Rothschild Investment LLC increased its position in shares of Amphenol by 10.5% during the first quarter. Rothschild Investment LLC now owns 2,260 shares of the electronics maker's stock valued at $148,000 after purchasing an additional 214 shares during the period. Finally, Regal Investment Advisors LLC raised its stake in shares of Amphenol by 2.8% in the fourth quarter. Regal Investment Advisors LLC now owns 8,064 shares of the electronics maker's stock valued at $560,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 97.01% of the company's stock.
Amphenol Trading Up 1.0%
Amphenol stock traded up $1.01 during mid-day trading on Wednesday, hitting $98.40. 6,354,278 shares of the stock were exchanged, compared to its average volume of 7,628,063. The stock has a market capitalization of $119.02 billion, a price-to-earnings ratio of 47.77, a PEG ratio of 2.22 and a beta of 1.13. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $99.01. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The firm's fifty day simple moving average is $87.67 and its two-hundred day simple moving average is $74.77.
Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. Amphenol's quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.40 EPS. Analysts forecast 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 given a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.67%. Amphenol's dividend payout ratio is currently 32.04%.
Insider Transactions at Amphenol
In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer owned 2,002,507 shares in the company, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the sale, the insider owned 447,790 shares in the company, valued at approximately $33,991,738.90. This represents a 46.55% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on APH. Citigroup raised their price target on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. UBS Group raised their target price on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. The Goldman Sachs Group upped their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Finally, US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and a consensus price target of $88.00.
Get Our Latest Stock Analysis on Amphenol
About Amphenol
(
Free Report)
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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