Flossbach Von Storch SE Sells 916,685 Shares of Amphenol Corporation (NYSE:APH)

Flossbach Von Storch SE reduced its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,397,719 shares of the electronics maker's stock after selling 916,685 shares during the quarter. Amphenol comprises about 3.2% of Flossbach Von Storch SE's portfolio, making the stock its 14th biggest position. Flossbach Von Storch SE owned 0.94% of Amphenol worth $747,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Amphenol by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock valued at $10,565,279,000 after acquiring an additional 2,108,578 shares during the last quarter. FMR LLC lifted its holdings in shares of Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Amphenol by 36.8% during the 4th 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 in the last quarter. Geode Capital Management LLC lifted its position in Amphenol by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after buying an additional 659,560 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after buying an additional 18,619,417 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

APH has been the topic of several recent analyst reports. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research note on Thursday, April 24th. Evercore ISI boosted 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. UBS Group upped their price target on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Citigroup upped their price objective on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, KGI Securities began coverage on shares of Amphenol in a research report on Thursday, June 26th. They set a "hold" rating for the company. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $88.00.

Insider Activity

In other news, insider Luc Walter sold 390,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the transaction, the insider directly owned 447,790 shares of the company's stock, valued at $33,991,738.90. This represents a 46.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is owned by insiders.

Amphenol Trading Up 0.8%

Shares of APH traded up $0.82 during trading hours on Wednesday, hitting $98.23. 6,244,543 shares of the stock were exchanged, compared to its average volume of 7,664,192. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $99.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The business has a 50-day moving average of $90.02 and a 200-day moving average of $75.69. The firm has a market capitalization of $118.82 billion, a P/E ratio of 47.68, a price-to-earnings-growth ratio of 2.25 and a beta of 1.13.

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

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 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.