Amphenol Corporation (NYSE:APH) Position Raised by Baer Investment Advisory LLC

Baer Investment Advisory LLC raised its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 49,977 shares of the electronics maker's stock after acquiring an additional 6,935 shares during the quarter. Amphenol makes up about 6.0% of Baer Investment Advisory LLC's portfolio, making the stock its 5th largest holding. Baer Investment Advisory LLC's holdings in Amphenol were worth $3,312,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Norges Bank acquired a new position in Amphenol during the 4th quarter worth about $1,378,794,000. Bank of America Corp DE lifted its stake in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after acquiring an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Amphenol by 36.8% in the fourth 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 acquiring an additional 15,837,407 shares during the period. Wellington Management Group LLP boosted its holdings in Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after acquiring an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Amphenol by 118.4% during the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after purchasing an additional 3,933,269 shares during the period. Institutional investors own 97.01% of the company's stock.

Insider Activity

In related news, insider William J. Doherty sold 160,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

NYSE APH traded up $1.52 on Monday, hitting $100.28. 7,750,004 shares of the stock traded hands, compared to its average volume of 8,413,353. 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 business's fifty day moving average is $91.20 and its two-hundred day moving average is $76.29. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $100.79. The firm has a market capitalization of $121.29 billion, a price-to-earnings ratio of 48.68, a PEG ratio of 2.26 and a beta of 1.13.

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 for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm's revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. As a group, equities analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Amphenol from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday. US Capital Advisors set a $85.00 price objective on Amphenol in a research report on Thursday, April 24th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Thursday, April 24th. Evercore ISI boosted their price target on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Finally, KGI Securities began coverage on shares of Amphenol in a research report on Thursday, June 26th. They set a "hold" rating for the company. 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.64.

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.