Amphenol Corporation (NYSE:APH) Position Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 34.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,527 shares of the electronics maker's stock after purchasing an additional 4,449 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Amphenol were worth $1,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Amphenol during the fourth quarter worth approximately $1,378,794,000. Bank of America Corp DE raised its stake in shares of Amphenol by 294.0% during 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 purchasing an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Amphenol by 36.8% during 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 purchasing an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Amphenol by 619.9% during the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after purchasing an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after purchasing an additional 3,933,269 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Amphenol

In related news, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the transaction, the chief financial officer owned 100,000 shares in the company, valued at $7,593,000. This represents a 80.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Luc Walter sold 390,000 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the transaction, the insider owned 447,790 shares of the company's stock, valued at $33,991,738.90. This represents a 46.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. Corporate insiders own 1.67% of the company's stock.

Amphenol Stock Up 0.4%

Amphenol stock traded up $0.43 during midday trading on Friday, hitting $98.74. 6,716,903 shares of the company were exchanged, compared to its average volume of 7,679,563. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $99.99. The company's fifty day moving average price is $91.20 and its 200-day moving average price is $76.22. The company has a market cap of $119.44 billion, a PE ratio of 47.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm's revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share. On average, research analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal 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 given a dividend of $0.165 per share. The ex-dividend date was 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%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APH. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research report on Thursday, April 24th. The Goldman Sachs Group raised 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. Finally, US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and an average price target of $89.15.

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.