Amphenol Corporation (NYSE:APH) Shares Purchased by Amalgamated Bank

Amalgamated Bank raised its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 1.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 253,419 shares of the electronics maker's stock after purchasing an additional 3,387 shares during the period. Amalgamated Bank's holdings in Amphenol were worth $16,622,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tacita Capital Inc increased its stake in shares of Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after buying an additional 296 shares during the last quarter. Rialto Wealth Management LLC acquired a new position in Amphenol during the 4th quarter worth $28,000. Rakuten Securities Inc. increased its position in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after purchasing an additional 366 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Amphenol in the 4th quarter valued at about $44,000. Finally, Global X Japan Co. Ltd. bought a new position in shares of Amphenol during the first quarter worth about $44,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APH has been the subject of several research analyst reports. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on Amphenol in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Citigroup boosted their target price on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Finally, The Goldman Sachs Group increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and an average target price of $88.00.

Insider Activity

In other news, insider William J. Doherty sold 160,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the sale, the vice president owned 152,412 shares in the company, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock worth $294,839,785 over the last ninety days. 1.67% of the stock is currently owned by company insiders.

Amphenol Stock Up 1.2%

Amphenol stock opened at $98.85 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. Amphenol Corporation has a one year low of $54.77 and a one year high of $99.01. The company has a 50-day simple moving average of $87.04 and a 200-day simple moving average of $74.61. The firm has a market capitalization of $119.57 billion, a P/E ratio of 47.99, a P/E/G ratio of 2.23 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last posted 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. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the business posted $0.40 EPS. Amphenol's revenue was up 47.7% on a year-over-year basis. As a group, equities analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.67%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 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.

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