Dupont Capital Management Corp Has $7.22 Million Stake in Amphenol Corporation (NYSE:APH)

Dupont Capital Management Corp decreased its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 16.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 110,028 shares of the electronics maker's stock after selling 21,982 shares during the period. Dupont Capital Management Corp's holdings in Amphenol were worth $7,217,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Tacita Capital Inc boosted its stake in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares during the period. Rialto Wealth Management LLC bought a new stake in Amphenol during the 4th quarter valued at approximately $28,000. Rakuten Securities Inc. boosted its stake in Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares during the period. OFI Invest Asset Management bought a new stake in Amphenol during the 4th quarter valued at approximately $44,000. Finally, Global X Japan Co. Ltd. bought a new stake in Amphenol during the 1st quarter valued at approximately $44,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was 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 of the company's stock, valued at $151,649,855.11. This trade represents a 49.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction dated 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 sale, the insider now directly owns 451,790 shares in the company, valued at $41,307,159.70. This represents a 38.76% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. Corporate insiders own 1.67% of the company's stock.

Analysts Set New Price Targets

APH has been the subject of a number of recent analyst reports. Evercore ISI raised their price target on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. The Goldman Sachs Group lifted their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Citigroup lifted their target price on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. TD Securities lifted their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Robert W. Baird lifted their target price on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $88.00.

Amphenol Stock Up 0.3%

NYSE:APH opened at $93.78 on Friday. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $94.83. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $113.44 billion, a P/E ratio of 45.53, a P/E/G ratio of 2.13 and a beta of 1.12. The stock's fifty day simple moving average is $83.21 and its 200-day simple moving average is $73.64.

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 (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm's revenue was up 47.7% on a year-over-year basis. During the same period last year, the company earned $0.40 EPS. Equities research analysts expect 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, July 9th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.70%. Amphenol's dividend payout ratio is presently 32.04%.

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.

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