Czech National Bank Boosts Stock Holdings in Amphenol Co. (NYSE:APH)

Czech National Bank grew its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 6.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 278,166 shares of the electronics maker's stock after purchasing an additional 16,765 shares during the period. Czech National Bank's holdings in Amphenol were worth $18,245,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spire Wealth Management raised its holdings in Amphenol by 34.1% in the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock worth $6,836,000 after buying an additional 25,007 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Amphenol during the fourth quarter valued at approximately $13,847,000. Consolidated Planning Corp boosted its holdings in Amphenol by 37.0% in the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after acquiring an additional 4,631 shares in the last quarter. Kanawha Capital Management LLC lifted its stake in Amphenol by 4.5% in the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after buying an additional 6,481 shares in the last quarter. Finally, Revolve Wealth Partners LLC boosted its position in shares of Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after buying an additional 4,721 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the sale, the chief executive officer now owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the transaction, the insider now owns 451,790 shares in the company, valued at $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on APH shares. The Goldman Sachs Group upped their target price on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Robert W. Baird raised their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. TD Securities increased their target price on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. Finally, Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.31.

Amphenol Stock Performance

NYSE APH traded up $1.30 during trading hours on Thursday, reaching $93.21. 3,096,193 shares of the company were exchanged, compared to its average volume of 7,457,499. The stock has a market capitalization of $112.75 billion, a P/E ratio of 48.66, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The business's 50 day simple moving average is $76.14 and its 200-day simple moving average is $71.93. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $93.30.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business's revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 EPS. On average, equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol's payout ratio is 32.04%.

About Amphenol

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.