Citigroup Inc. Has $116.39 Million Stock Holdings in Amphenol Corporation (NYSE:APH)

Key Points

• Citigroup Inc. increased its stake in Amphenol Corporation by 66.7%, acquiring an additional 709,827 shares, bringing its total to 1,774,472 shares valued at $116.39 million.
• Amphenol's quarterly earnings surpassed estimates, reporting $0.81 earnings per share, with revenues reaching $5.65 billion, significantly up from $3.61 billion a year prior.
• Investors can expect a quarterly dividend of $0.165 per share to be paid on October 8th, reflecting a 0.6% dividend yield.

Citigroup Inc. increased its stake in Amphenol Corporation (NYSE:APH - Free Report) by 66.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,774,472 shares of the electronics maker's stock after acquiring an additional 709,827 shares during the period. Citigroup Inc. owned approximately 0.15% of Amphenol worth $116,388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in APH. Perigon Wealth Management LLC boosted its holdings in Amphenol by 29.4% during the first quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock worth $1,144,000 after buying an additional 3,964 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in Amphenol during the fourth quarter worth approximately $13,847,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Amphenol by 46.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock worth $4,589,000 after buying an additional 22,293 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in Amphenol by 14.4% during the first quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock worth $295,000 after buying an additional 568 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Amphenol by 4.2% during the first quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock worth $4,061,000 after buying an additional 2,514 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction on 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 transaction, the vice president directly owned 152,412 shares of the company's stock, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 586,000 shares of company stock worth $52,935,980 in the last 90 days. Insiders own 1.67% of the company's stock.

Wall Street Analyst Weigh In

APH has been the subject of a number of recent analyst reports. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research note on Thursday, April 24th. Wall Street Zen lowered shares of Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday. UBS Group raised their price objective on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Bank of America raised their price objective on shares of Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, TD Securities raised 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $104.92.

Amphenol Stock Down 0.1%

APH stock traded down $0.15 during midday trading on Monday, reaching $109.83. The company had a trading volume of 4,858,996 shares, compared to its average volume of 9,268,698. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $111.00. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $134.09 billion, a P/E ratio of 43.76, a PEG ratio of 1.79 and a beta of 1.13. The company has a 50 day moving average of $99.07 and a two-hundred day moving average of $80.99.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the previous year, the company earned $0.44 EPS. The company's revenue for the quarter was up 56.5% on a year-over-year basis. On average, equities research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Amphenol's payout ratio is currently 26.29%.

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.