Amphenol Corporation (NYSE:APH) Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. reduced its position in Amphenol Corporation (NYSE:APH - Free Report) by 63.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,604 shares of the electronics maker's stock after selling 4,529 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Amphenol were worth $171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parcion Private Wealth LLC purchased a new position in Amphenol in the first quarter worth approximately $332,000. Bridgewater Advisors Inc. acquired a new stake in Amphenol in the first quarter valued at $374,000. Larson Financial Group LLC lifted its holdings in Amphenol by 13.1% during the 1st quarter. Larson Financial Group LLC now owns 1,575 shares of the electronics maker's stock worth $103,000 after buying an additional 183 shares during the last quarter. Sage Mountain Advisors LLC boosted its position in shares of Amphenol by 2.6% during the 1st quarter. Sage Mountain Advisors LLC now owns 11,050 shares of the electronics maker's stock worth $725,000 after acquiring an additional 280 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of Amphenol by 7.6% in the 1st quarter. Wealthfront Advisers LLC now owns 143,756 shares of the electronics maker's stock valued at $9,429,000 after acquiring an additional 10,138 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Trading Up 1.4%

Amphenol stock opened at $103.37 on Friday. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $103.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The firm has a market capitalization of $125.04 billion, a PE ratio of 50.18, a PEG ratio of 2.35 and a beta of 1.13. The business's 50-day simple moving average is $93.26 and its 200-day simple moving average is $77.33.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The business's revenue was up 47.7% on a year-over-year basis. Equities research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the transaction, the insider directly owned 447,790 shares of the company's stock, valued at approximately $33,991,738.90. The trade was a 46.55% 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 valued at $294,839,785 over the last 90 days. Corporate insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on APH. Robert W. Baird raised their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. KGI Securities began coverage on Amphenol in a report on Thursday, June 26th. They issued a "hold" rating for the company. TD Securities upped their target price on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Finally, JPMorgan Chase & Co. increased their target price on Amphenol from $91.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $94.07.

About Amphenol

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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