Commerce Bank Purchases 2,935 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• Commerce Bank increased its holdings in Amphenol Corporation by 1.7%, purchasing an additional 2,935 shares, bringing its total to 172,823 shares valued at approximately $11.3 million.
• Insider transactions revealed that VP David M. Silverman sold 100,000 shares for nearly $8.91 million, significantly reducing his ownership by 88.89%.
• Amphenol announced a quarterly dividend of $0.165 per share, with an annual yield of 0.6%, to be paid on October 8th to shareholders of record on September 16th.

Commerce Bank boosted its stake in Amphenol Corporation (NYSE:APH - Free Report) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,823 shares of the electronics maker's stock after acquiring an additional 2,935 shares during the quarter. Commerce Bank's holdings in Amphenol were worth $11,335,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in APH. Bank of America Corp DE increased its position in shares of 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 purchasing an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Amphenol by 36.8% in the fourth 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. Janus Henderson Group PLC increased its holdings in shares of Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after purchasing an additional 3,933,269 shares during the period. Mackenzie Financial Corp increased its position in shares of Amphenol by 108.9% in the fourth quarter. Mackenzie Financial Corp now owns 5,564,252 shares of the electronics maker's stock worth $386,437,000 after purchasing an additional 2,900,024 shares during the period. Finally, FMR LLC increased its stake in Amphenol by 2.6% in the fourth 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 last quarter. Institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the sale, the vice president owned 152,412 shares of the company's stock, valued at $13,532,661.48. The trade was a 20.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction dated 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 586,000 shares of company stock worth $52,935,980 over the last three months. Company insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on APH shares. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. Citigroup upped their price objective on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a research note on Friday, July 11th. KGI Securities started coverage on Amphenol in a report on Thursday, June 26th. They set a "hold" rating for the company. Finally, Robert W. Baird upped their target price on Amphenol from $113.00 to $118.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.23.

Amphenol Stock Up 4.0%

Shares of NYSE:APH traded up $4.22 during mid-day trading on Monday, hitting $108.53. 8,990,894 shares of the company traded hands, compared to its average volume of 9,307,081. The stock has a market cap of $132.51 billion, a P/E ratio of 43.24, a P/E/G ratio of 1.74 and a beta of 1.13. The stock has a 50-day moving average price of $96.99 and a two-hundred day moving average price of $79.75. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $108.85. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.

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

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Amphenol's dividend payout ratio (DPR) is presently 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.