Bessemer Group Inc. Decreases Holdings in Amphenol Corporation (NYSE:APH)

Bessemer Group Inc. cut its stake in Amphenol Corporation (NYSE:APH - Free Report) by 48.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,517 shares of the electronics maker's stock after selling 48,707 shares during the quarter. Bessemer Group Inc.'s holdings in Amphenol were worth $3,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. MJP Associates Inc. ADV boosted its holdings in Amphenol by 2.3% during the fourth quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock valued at $509,000 after acquiring an additional 166 shares during the period. Beverly Hills Private Wealth LLC raised its stake in shares of Amphenol by 1.4% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker's stock valued at $1,045,000 after acquiring an additional 203 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its stake in shares of Amphenol by 6.8% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 3,309 shares of the electronics maker's stock valued at $217,000 after acquiring an additional 211 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of Amphenol by 10.5% in the first quarter. Rothschild Investment LLC now owns 2,260 shares of the electronics maker's stock valued at $148,000 after purchasing an additional 214 shares in the last quarter. Finally, Regal Investment Advisors LLC increased its holdings in shares of Amphenol by 2.8% in the fourth quarter. Regal Investment Advisors LLC now owns 8,064 shares of the electronics maker's stock valued at $560,000 after purchasing an additional 220 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APH has been the topic of a number of recent analyst reports. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Evercore ISI upped their target price on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, UBS Group boosted their price target on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

Insider Transactions at Amphenol

In related news, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the sale, the vice president directly owned 152,412 shares of the company's stock, valued at approximately $13,532,661.48. This trade represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Trading Down 1.3%

Shares of NYSE APH traded down $1.32 during midday trading on Tuesday, hitting $97.43. 6,782,237 shares of the company traded hands, compared to its average volume of 7,623,628. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $99.01. 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 50-day moving average price of $87.67 and a 200 day moving average price of $74.77. The firm has a market cap of $117.85 billion, a P/E ratio of 47.30, a P/E/G 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 (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business's revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. As a group, analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. Amphenol's dividend payout ratio is currently 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.