Amphenol Corporation (NYSE:APH) Shares Acquired by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 29.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 59,885 shares of the electronics maker's stock after acquiring an additional 13,730 shares during the period. DAVENPORT & Co LLC's holdings in Amphenol were worth $3,957,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in APH. Norges Bank purchased a new position in Amphenol in the fourth quarter worth approximately $1,378,794,000. Bank of America Corp DE grew its position in Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after acquiring an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD grew its position in 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 worth $4,091,426,000 after acquiring an additional 15,837,407 shares during the period. Wellington Management Group LLP grew its position in Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after acquiring an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC grew its position in Amphenol by 118.4% in the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after acquiring an additional 3,933,269 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Up 0.9%

NYSE:APH traded up $0.84 during midday trading on Friday, reaching $99.36. The company had a trading volume of 3,180,786 shares, compared to its average volume of 7,643,084. The firm has a market capitalization of $120.19 billion, a price-to-earnings ratio of 48.23, a PEG ratio of 2.27 and a beta of 1.13. The stock's fifty day simple moving average is $89.15 and its 200-day simple moving average is $75.34. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $99.71. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The company had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same period last year, the firm earned $0.40 earnings per share. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. On average, sell-side analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 286,000 shares of the firm's 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 sale, the insider directly owned 451,790 shares in the company, valued at $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president owned 152,412 shares in the company, valued at $13,532,661.48. This trade represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 over the last 90 days. 1.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. KGI Securities assumed coverage on Amphenol in a research report on Thursday, June 26th. They set a "hold" rating for the company. JPMorgan Chase & Co. raised their price target on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on Amphenol in a research report on Thursday, April 24th. The Goldman Sachs Group raised their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $88.00.

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.