Brown Advisory Inc. Has $24.13 Million Stock Position in Amphenol Corporation (NYSE:APH)

Brown Advisory Inc. increased its stake in Amphenol Corporation (NYSE:APH - Free Report) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 367,947 shares of the electronics maker's stock after acquiring an additional 4,429 shares during the quarter. Brown Advisory Inc.'s holdings in Amphenol were worth $24,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Rakuten Securities Inc. boosted its holdings in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after buying an additional 366 shares in the last quarter. Global X Japan Co. Ltd. bought a new position in shares of Amphenol in the first quarter valued at approximately $44,000. Coppell Advisory Solutions LLC purchased a new position in Amphenol during the 4th quarter worth $48,000. West Branch Capital LLC purchased a new stake in Amphenol in the 1st quarter valued at about $57,000. Finally, Colonial Trust Co SC lifted its holdings in Amphenol by 342.9% during the fourth quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock worth $60,000 after acquiring an additional 672 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on APH. TD Securities lifted their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. KGI Securities started coverage on shares of Amphenol in a research note on Thursday, June 26th. They set a "hold" rating on the stock. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a report on Thursday, April 24th. Finally, Citigroup upped their target price on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

Amphenol Stock Performance

APH opened at $98.23 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $99.99. The company has a market cap of $118.82 billion, a price-to-earnings ratio of 47.68, a PEG ratio of 2.22 and a beta of 1.13. The company's 50 day moving average is $90.45 and its 200 day moving average is $75.85.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. 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 company posted $0.40 EPS. The firm's revenue was up 47.7% on a year-over-year basis. On average, equities research analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were issued a $0.165 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. Amphenol's dividend payout ratio is currently 32.04%.

Insider Buying and Selling

In other news, VP David M. Silverman sold 100,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the sale, the vice president directly owned 12,500 shares of the company's stock, valued at $1,113,625. This represents a 88.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was 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 owned 152,412 shares in the company, 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. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 in the last ninety days. 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.

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