Bank Julius Baer & Co. Ltd Zurich Raises Holdings in Amphenol Corporation (NYSE:APH)

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 714.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,976,684 shares of the electronics maker's stock after acquiring an additional 1,733,901 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.16% of Amphenol worth $142,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC increased its position in Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after acquiring an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after acquiring an additional 4,721 shares during the last quarter. Virtu Financial LLC increased its position in Amphenol by 63.9% during the fourth quarter. Virtu Financial LLC now owns 14,643 shares of the electronics maker's stock valued at $1,017,000 after acquiring an additional 5,710 shares during the last quarter. Sei Investments Co. increased its position in Amphenol by 4.9% during the fourth quarter. Sei Investments Co. now owns 894,098 shares of the electronics maker's stock valued at $62,095,000 after acquiring an additional 41,656 shares during the last quarter. Finally, LPL Financial LLC increased its position in Amphenol by 16.7% during the fourth quarter. LPL Financial LLC now owns 681,720 shares of the electronics maker's stock valued at $47,345,000 after acquiring an additional 97,545 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on APH. JPMorgan Chase & Co. upped their price target on Amphenol from $91.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Citigroup increased their price target on Amphenol from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 11th. UBS Group restated a "buy" rating and set a $115.00 price objective (up from $106.00) on shares of Amphenol in a report on Monday, July 14th. Finally, Industrial Alliance Securities set a $115.00 price target on Amphenol in a report on Friday, July 11th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.07.

Amphenol Price Performance

Shares of APH stock traded down $1.74 during trading hours on Tuesday, reaching $101.97. The company had a trading volume of 8,821,217 shares, compared to its average volume of 7,642,631. 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 stock has a fifty day moving average of $93.26 and a 200-day moving average of $77.39. The company has a market capitalization of $123.35 billion, a price-to-earnings ratio of 49.50, a PEG ratio of 2.09 and a beta of 1.13. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $104.30.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results 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. The business 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 business's revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. On average, equities analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Insider Transactions at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, the chief executive officer directly owned 2,002,507 shares in the company, valued at $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the transaction, the vice president owned 51,400 shares in the company, valued at $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock valued at $294,839,785 in the last ninety days. 1.67% of the stock is currently owned by corporate insiders.

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.