DekaBank Deutsche Girozentrale Sells 16,526 Shares of Amphenol Corporation (NYSE:APH)

DekaBank Deutsche Girozentrale decreased its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,069,919 shares of the electronics maker's stock after selling 16,526 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.09% of Amphenol worth $68,942,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of APH. Rakuten Securities Inc. lifted its holdings in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares during the period. OFI Invest Asset Management acquired a new position in Amphenol in the fourth quarter valued at $44,000. Global X Japan Co. Ltd. acquired a new position in Amphenol in the first quarter valued at $44,000. Coppell Advisory Solutions LLC acquired a new position in Amphenol in the fourth quarter valued at $48,000. Finally, West Branch Capital LLC acquired a new position in Amphenol in the first quarter valued at $57,000. Institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. KGI Securities assumed coverage on shares of Amphenol in a report on Thursday, June 26th. They issued a "hold" rating on the stock. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. TD Securities upped their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Robert W. Baird upped their price objective on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Evercore ISI upped their price objective on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.15.

Amphenol Stock Up 0.4%

NYSE APH traded up $0.43 during trading hours on Friday, reaching $98.74. 6,716,903 shares of the company's stock traded hands, compared to its average volume of 7,679,563. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $99.99. The firm has a market cap of $119.44 billion, a PE ratio of 47.93, a PEG ratio of 2.25 and a beta of 1.13. The firm has a 50-day simple moving average of $91.20 and a 200 day simple moving average of $76.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36.

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

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. Amphenol's dividend payout ratio is presently 32.04%.

Insider Transactions at Amphenol

In other Amphenol news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were 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 directly owned 451,790 shares in the company, valued at $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,764,500 shares of company stock valued at $294,839,785. Company insiders own 1.67% of the company's stock.

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.