Bowman & Co S.C. Invests $276,000 in Amphenol Co. (NYSE:APH)

Bowman & Co S.C. acquired a new position in shares of Amphenol Co. (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,207 shares of the electronics maker's stock, valued at approximately $276,000.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Amphenol in the 4th quarter valued at approximately $1,378,794,000. Bank of America Corp DE grew its position in Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after acquiring an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after acquiring an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP grew its position in Amphenol by 619.9% during the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after acquiring an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Amphenol by 118.4% during the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after acquiring an additional 3,933,269 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on APH. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. UBS Group increased their target price on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday. The Goldman Sachs Group increased their target price on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and a consensus target price of $84.38.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William J. Doherty sold 126,000 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,478,500 shares of company stock worth $268,690,805. Corporate insiders own 1.67% of the company's stock.

Amphenol Price Performance

Shares of NYSE APH traded up $1.34 during midday trading on Tuesday, reaching $91.70. The company's stock had a trading volume of 6,525,749 shares, compared to its average volume of 7,484,160. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $92.28. The business's 50 day moving average price is $75.17 and its two-hundred day moving average price is $71.65. The company has a market cap of $110.92 billion, a P/E ratio of 47.88, a P/E/G ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The firm's quarterly revenue was up 47.7% on a year-over-year basis. On average, analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.72%. Amphenol's payout ratio is 32.04%.

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.