Burney Co. Increases Stock Holdings in Amphenol Corporation (NYSE:APH)

Burney Co. boosted its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 1,066.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,081 shares of the electronics maker's stock after buying an additional 191,152 shares during the quarter. Burney Co.'s holdings in Amphenol were worth $13,714,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after acquiring an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after acquiring an additional 15,837,407 shares during the period. Geode Capital Management LLC increased its holdings in shares of Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock valued at $1,754,672,000 after acquiring an additional 659,560 shares during the period. Bank of America Corp DE increased its holdings in shares of Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after acquiring an additional 18,619,417 shares during the period. Finally, Norges Bank acquired a new position in shares of Amphenol in the 4th quarter valued at $1,378,794,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Trading Down 1.7%

NYSE APH opened at $101.97 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. Amphenol Corporation has a one year low of $54.77 and a one year high of $109.37. The company's 50 day moving average price is $93.26 and its 200 day moving average price is $77.39. The firm has a market capitalization of $123.35 billion, a price-to-earnings ratio of 49.50, a PEG ratio of 2.09 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. During the same period in the prior year, the business earned $0.44 earnings per share. Amphenol's quarterly revenue was up 56.5% compared to the same quarter last year. On average, sell-side analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.65%. The ex-dividend date was Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APH. The Goldman Sachs Group reissued a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. KGI Securities began coverage on shares of Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating on the stock. TD Securities boosted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Robert W. Baird boosted their price objective on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $94.07.

Insider Buying and Selling

In other Amphenol news, VP David M. Silverman sold 100,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the sale, the vice president directly owned 12,500 shares in the company, valued at approximately $1,113,625. This trade represents a 88.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the sale, the chief financial officer owned 100,000 shares in the company, valued at approximately $7,593,000. This represents a 80.00% decrease in their ownership of the stock. 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 three months. 1.67% of the stock is owned by corporate insiders.

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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