Bank of New York Mellon Corp Has $2.04 Billion Stock Position in Amphenol Corporation (NYSE:APH)

Bank of New York Mellon Corp cut its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,166,556 shares of the electronics maker's stock after selling 1,779,076 shares during the period. Bank of New York Mellon Corp owned 2.57% of Amphenol worth $2,044,214,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Rialto Wealth Management LLC bought a new position in shares of Amphenol in the fourth quarter valued at $28,000. Rakuten Securities Inc. raised its holdings in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares during the period. OFI Invest Asset Management acquired a new stake in Amphenol in the 4th quarter valued at about $44,000. Global X Japan Co. Ltd. bought a new position in Amphenol during the first quarter worth about $44,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Amphenol during the fourth quarter worth approximately $48,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Ratings Changes

APH has been the subject of several research analyst reports. Evercore ISI lifted their target price on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. The Goldman Sachs Group increased their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. Finally, Citigroup increased their price target on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $88.00.

Amphenol Price Performance

NYSE:APH traded down $0.96 during trading hours on Monday, reaching $98.50. 9,850,612 shares of the company were exchanged, compared to its average volume of 7,651,910. The business has a 50 day moving average of $89.61 and a 200 day moving average of $75.54. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $99.97. 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 company has a market capitalization of $119.15 billion, a P/E ratio of 47.82, a P/E/G ratio of 2.27 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion for 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%. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. Research analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the completion of the transaction, the vice president directly owned 12,500 shares in the company, valued at $1,113,625. The trade was a 88.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the sale, the vice president directly owned 152,412 shares in the company, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last three months. Company insiders own 1.67% of the company's stock.

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.