Fifth Third Bancorp Increases Stake in Amphenol Corporation (NYSE:APH)

Fifth Third Bancorp boosted its position in Amphenol Corporation (NYSE:APH - Free Report) by 22.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 118,975 shares of the electronics maker's stock after acquiring an additional 22,134 shares during the period. Fifth Third Bancorp's holdings in Amphenol were worth $7,804,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of APH. Tacita Capital Inc increased its position 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. Sierra Ocean LLC bought a new stake in shares of Amphenol during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol during the fourth quarter valued at about $28,000. Rakuten Securities Inc. increased its position in shares of Amphenol by 703.8% during 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. Finally, OFI Invest Asset Management bought a new position in Amphenol in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on APH. Citigroup upped their target price on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. JPMorgan Chase & Co. lifted their price target on Amphenol from $85.00 to $91.00 and gave the company 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 note on Thursday, April 24th. Evercore ISI raised their price objective on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Finally, The Goldman Sachs Group boosted their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $88.00.

Insider Activity

In other news, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the transaction, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at $7,593,000. This represents a 80.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock valued at $294,839,785 in the last 90 days. 1.67% of the stock is currently owned by insiders.

Amphenol Stock Down 0.8%

Amphenol stock traded down $0.70 during mid-day trading on Tuesday, reaching $92.68. The stock had a trading volume of 12,654,358 shares, compared to its average volume of 7,550,521. Amphenol Corporation has a one year low of $54.77 and a one year high of $94.83. The company has a 50-day moving average price of $81.51 and a two-hundred day moving average price of $73.22. The company has a market capitalization of $112.10 billion, a price-to-earnings ratio of 44.99, a PEG ratio of 2.13 and a beta of 1.12. 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 posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The business's revenue for the quarter was up 47.7% on a year-over-year basis. On average, analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid 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 dividend payout ratio is currently 32.04%.

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.