Board of the Pension Protection Fund Sells 4,200 Shares of Amphenol Corporation (NYSE:APH)

Board of the Pension Protection Fund trimmed its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 25.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,500 shares of the electronics maker's stock after selling 4,200 shares during the quarter. Board of the Pension Protection Fund's holdings in Amphenol were worth $820,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LaFleur & Godfrey LLC grew its stake in Amphenol by 1.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock valued at $3,945,000 after buying an additional 825 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after acquiring an additional 9,390 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after purchasing an additional 4,721 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Amphenol by 47.3% during the fourth quarter. IFP Advisors Inc now owns 3,891 shares of the electronics maker's stock worth $270,000 after purchasing an additional 1,249 shares during the period. Finally, FourThought Financial Partners LLC acquired a new stake in Amphenol during the 4th quarter worth approximately $235,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. 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. Evercore ISI raised their price target on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. TD Securities lifted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research report on Thursday, April 24th. Finally, UBS Group lifted their price target on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

Insider Activity at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 value of $29,604,900.00. Following the sale, the insider now owns 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. Insiders sold a total of 3,764,500 shares of company stock valued at $294,839,785 in the last quarter. Insiders own 1.67% of the company's stock.

Amphenol Price Performance

NYSE APH traded up $0.78 on Friday, hitting $97.76. 19,776,547 shares of the company's stock were exchanged, compared to its average volume of 7,680,361. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $98.83. The stock has a 50-day moving average of $85.69 and a 200-day moving average of $74.25. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The stock has a market cap of $118.24 billion, a price-to-earnings ratio of 47.45, a P/E/G ratio of 2.21 and a beta of 1.12.

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

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is 32.04%.

About Amphenol

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.