Brown Advisory Inc. Boosts Stake 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 its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,947 shares of the electronics maker's stock after purchasing an additional 4,429 shares during the quarter. Brown Advisory Inc.'s holdings in Amphenol were worth $24,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Rakuten Securities Inc. grew its stake 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 buying an additional 366 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in Amphenol in the first quarter valued at $44,000. Coppell Advisory Solutions LLC bought a new stake in Amphenol in the fourth quarter valued at $48,000. West Branch Capital LLC bought a new stake in shares of Amphenol during the first quarter worth $57,000. Finally, Colonial Trust Co SC grew its holdings in shares of 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 purchasing an additional 672 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 400,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the transaction, the chief financial officer owned 100,000 shares of the company's stock, valued at $7,593,000. This trade represents a 80.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. 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 over the last quarter. Company insiders own 1.67% of the company's stock.

Amphenol Price Performance

NYSE APH traded up $0.43 during trading on Friday, reaching $98.74. The company's stock had a trading volume of 6,716,903 shares, compared to its average volume of 7,679,563. The stock has a market capitalization of $119.44 billion, a PE ratio of 47.93, a P/E/G ratio of 2.25 and a beta of 1.13. 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 firm has a fifty day moving average of $91.20 and a 200 day moving average of $76.22. Amphenol Corporation has a one year low of $54.77 and a one year high of $99.99.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. Analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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

Analyst Upgrades and Downgrades

APH has been the topic of several recent analyst reports. KGI Securities initiated coverage on Amphenol in a report on Thursday, June 26th. They set a "hold" rating on the stock. TD Securities upped their price objective on 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 Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a research note on Thursday, April 24th. Citigroup upped their price objective on Amphenol from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Robert W. Baird increased their price target on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $89.15.

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.