Frank Rimerman Advisors LLC Grows Stock Holdings in Amphenol Corporation (NYSE:APH)

Key Points

• Frank Rimerman Advisors LLC increased its stake in Amphenol Corporation by 63.4% in Q1, owning 26,229 shares valued at $1.72 million.
• Amphenol reported $5.65 billion in revenue for the latest quarter, significantly exceeding analysts' expectations of $5.01 billion, and reported earnings per share of $0.81.
• The company declared a quarterly dividend of $0.165, representing an annualized yield of 0.6%, with a payout ratio of 26.29%.

Frank Rimerman Advisors LLC lifted its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 63.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,229 shares of the electronics maker's stock after acquiring an additional 10,178 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Amphenol were worth $1,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its stake 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 valued at $1,733,027,000 after acquiring an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of 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 valued at $4,091,426,000 after buying an additional 15,837,407 shares during the period. Janus Henderson Group PLC raised its stake in shares of Amphenol by 118.4% during the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after purchasing an additional 3,933,269 shares during the period. Mackenzie Financial Corp grew its position in Amphenol by 108.9% during the fourth quarter. Mackenzie Financial Corp now owns 5,564,252 shares of the electronics maker's stock worth $386,437,000 after buying an additional 2,900,024 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Amphenol by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after purchasing an additional 2,870,933 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Luc Walter sold 286,000 shares of the business'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 sale, the insider owned 451,790 shares of the company's stock, valued at $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 586,000 shares of company stock valued at $52,935,980 over the last ninety days. 1.67% of the stock is owned by corporate insiders.

Amphenol Trading Down 0.1%

Shares of NYSE:APH traded down $0.15 during trading hours on Monday, hitting $109.83. 4,858,996 shares of the company's stock traded hands, compared to its average volume of 9,268,698. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The firm has a market capitalization of $134.09 billion, a P/E ratio of 43.76, a price-to-earnings-growth ratio of 1.79 and a beta of 1.13. The business has a fifty day moving average price of $99.07 and a 200-day moving average price of $80.99. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $111.00.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. Amphenol's revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Equities analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is presently 26.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on APH shares. Citigroup upped their price objective on Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Bank of America upped their price target on Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday. JPMorgan Chase & Co. increased their target price on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research note on Thursday, April 24th. Four investment 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, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $104.92.

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.