Generate Investment Management Ltd Has $31.35 Million Holdings in Amphenol Corporation (NYSE:APH)

Generate Investment Management Ltd lifted its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 185.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 477,972 shares of the electronics maker's stock after purchasing an additional 310,542 shares during the quarter. Amphenol accounts for 2.2% of Generate Investment Management Ltd's holdings, making the stock its 10th largest position. Generate Investment Management Ltd's holdings in Amphenol were worth $31,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APH. LaFleur & Godfrey LLC boosted its position in shares of Amphenol by 1.5% during the 4th quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock worth $3,945,000 after acquiring an additional 825 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after purchasing an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after purchasing an additional 4,721 shares in the last quarter. Howard Capital Management Inc. increased its stake in shares of Amphenol by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 7,458 shares of the electronics maker's stock valued at $518,000 after purchasing an additional 382 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of Amphenol by 529.3% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 31,369 shares of the electronics maker's stock worth $2,179,000 after buying an additional 26,384 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company'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 transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Luc Walter sold 390,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the transaction, the insider now owns 447,790 shares in the company, valued at approximately $33,991,738.90. This represents a 46.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on APH. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research report on Thursday, April 24th. Citigroup upped their price target on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Robert W. Baird raised their price objective on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

Amphenol Trading Up 0.0%

NYSE:APH traded up $0.03 on Thursday, reaching $97.05. 12,473,052 shares of the stock traded hands, compared to its average volume of 7,631,973. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $97.98. The company's 50 day moving average is $85.05 and its 200-day moving average is $74.09. The firm has a market capitalization of $117.40 billion, a price-to-earnings ratio of 47.11, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12.

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

Amphenol Dividend Announcement

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 $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. Amphenol's payout ratio is currently 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.