Arjuna Capital Sells 3,140 Shares of Amphenol Corporation (NYSE:APH)

Arjuna Capital trimmed its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,496 shares of the electronics maker's stock after selling 3,140 shares during the quarter. Arjuna Capital's holdings in Amphenol were worth $1,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of APH. Hughes Financial Services LLC bought a new stake in Amphenol during the 1st quarter valued at about $25,000. Avalon Trust Co increased its stake in Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Amphenol during the 1st quarter valued at about $28,000. Global X Japan Co. Ltd. bought a new stake in Amphenol during the 1st quarter valued at about $44,000. Finally, Coppell Advisory Solutions LLC bought a new stake in Amphenol during the 4th quarter valued at about $48,000. 97.01% of the stock is currently owned by institutional investors.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the sale, the chief executive officer owned 2,002,507 shares in the company, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the business's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the sale, the insider owned 447,790 shares in the company, 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 three months, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on APH shares. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. UBS Group raised their price target on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a report on Friday, May 30th. Robert W. Baird raised their price target on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. KGI Securities initiated coverage on shares of Amphenol in a report on Thursday, June 26th. They set a "hold" rating on the stock. Finally, US Capital Advisors set a $85.00 price target on shares of Amphenol in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $89.15.

Amphenol Stock Performance

Shares of APH traded up $0.43 on Friday, reaching $98.74. The company's stock had a trading volume of 6,716,903 shares, compared to its average volume of 7,691,952. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The stock has a market capitalization of $119.44 billion, a P/E ratio of 47.93, a PEG ratio of 2.26 and a beta of 1.13. The stock's 50 day simple moving average is $91.20 and its two-hundred day simple moving average is $76.25. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $99.99.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The company's revenue for the quarter was up 47.7% on a year-over-year basis. Research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

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.