Amphenol Corporation (NYSE:APH) Shares Sold by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. reduced its stake in Amphenol Corporation by 0.3%, now holding 17,788,223 shares valued at approximately $1.17 billion.
• Insider transactions show significant sales, with Luc Walter selling 286,000 shares for $26.15 million, decreasing ownership by 38.76%.
• Amphenol announced a quarterly dividend of $0.165 per share, representing a 0.6% yield, with payout scheduled for October 8.

JPMorgan Chase & Co. trimmed its position in Amphenol Corporation (NYSE:APH - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,788,223 shares of the electronics maker's stock after selling 60,178 shares during the period. JPMorgan Chase & Co. owned 1.47% of Amphenol worth $1,166,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Bank of America Corp DE increased its holdings in Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after buying an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after buying an additional 15,837,407 shares during the period. Janus Henderson Group PLC increased its holdings in Amphenol by 118.4% in the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after buying an additional 3,933,269 shares during the period. Mackenzie Financial Corp increased its stake in shares of Amphenol by 108.9% in the fourth quarter. Mackenzie Financial Corp now owns 5,564,252 shares of the electronics maker's stock worth $386,437,000 after acquiring an additional 2,900,024 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Amphenol by 1.9% in the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after acquiring an additional 2,870,933 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amphenol

In other news, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the sale, the insider directly owned 451,790 shares of the company's stock, valued at $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the sale, the vice president directly owned 12,500 shares in the company, valued at approximately $1,113,625. This trade represents a 88.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 586,000 shares of company stock valued at $52,935,980. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Price Performance

Amphenol stock opened at $110.01 on Friday. The company's fifty day moving average price is $99.07 and its 200 day moving average price is $80.97. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $110.60. The stock has a market capitalization of $134.31 billion, a P/E ratio of 43.83, a P/E/G ratio of 1.79 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the business earned $0.44 earnings per share. The company's revenue for the quarter was up 56.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's payout ratio is presently 26.29%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Evercore ISI increased their price objective on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Wall Street Zen lowered Amphenol from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and an average target price of $104.92.

Amphenol 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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