Impax Asset Management Group plc Takes Position in Amphenol Corporation (NYSE:APH)

Impax Asset Management Group plc acquired a new position in Amphenol Corporation (NYSE:APH - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 1,951,265 shares of the electronics maker's stock, valued at approximately $127,983,000. Impax Asset Management Group plc owned approximately 0.16% of Amphenol as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rialto Wealth Management LLC purchased a new position in shares of Amphenol during the 4th quarter worth about $28,000. Rakuten Securities Inc. grew 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 worth $29,000 after buying an additional 366 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Amphenol during the fourth quarter worth approximately $44,000. Global X Japan Co. Ltd. acquired a new stake in shares of Amphenol during the first quarter worth approximately $44,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Amphenol in the fourth quarter worth $48,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

Shares of APH stock traded down $1.09 during trading hours on Tuesday, reaching $97.46. 9,425,632 shares of the company's stock were exchanged, compared to its average volume of 7,669,875. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $99.99. The stock has a market capitalization of $117.89 billion, a P/E ratio of 47.31, a P/E/G ratio of 2.25 and a beta of 1.13. The business has a fifty day moving average price of $90.02 and a 200-day moving average price of $75.69. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same period in the previous year, the business posted $0.40 earnings per share. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. Analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is 32.04%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on APH. TD Securities raised 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. US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. Evercore ISI lifted their price target on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research note 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. Finally, Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Five 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

Insider Transactions at Amphenol

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction 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 transaction, the vice president directly owned 152,412 shares in the company, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by insiders.

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.