Amphenol Corporation (NYSE:APH) Shares Acquired by Invesco LLC

Invesco LLC increased its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 17.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,891 shares of the electronics maker's stock after purchasing an additional 10,057 shares during the period. Amphenol accounts for approximately 1.8% of Invesco LLC's portfolio, making the stock its 11th largest position. Invesco LLC's holdings in Amphenol were worth $4,453,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Harbour Capital Advisors LLC lifted its stake in Amphenol by 1.5% during the first quarter. Harbour Capital Advisors LLC now owns 40,491 shares of the electronics maker's stock worth $2,537,000 after purchasing an additional 610 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its stake in Amphenol by 0.4% in the first quarter. Chevy Chase Trust Holdings LLC now owns 635,388 shares of the electronics maker's stock valued at $41,675,000 after purchasing an additional 2,468 shares during the last quarter. LaFleur & Godfrey LLC raised its holdings in Amphenol by 16.8% during the first quarter. LaFleur & Godfrey LLC now owns 66,348 shares of the electronics maker's stock worth $4,352,000 after purchasing an additional 9,547 shares in the last quarter. AssuredPartners Investment Advisors LLC boosted its holdings in shares of Amphenol by 6.1% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 7,527 shares of the electronics maker's stock valued at $494,000 after buying an additional 431 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Amphenol by 7.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 531,709 shares of the electronics maker's stock valued at $34,875,000 after buying an additional 37,454 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of NYSE:APH traded up $1.27 during midday trading on Wednesday, hitting $97.07. The stock had a trading volume of 6,227,297 shares, compared to its average volume of 7,606,552. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $97.41. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $84.40 and a two-hundred day moving average price of $73.93. The company has a market capitalization of $117.42 billion, a PE ratio of 47.12, a P/E/G ratio of 2.17 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share 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 firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The company's revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, equities analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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 given a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.68%. Amphenol's payout ratio is currently 32.04%.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the sale, the insider now owns 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value 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 trade represents a 49.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,764,500 shares of company stock valued at $294,839,785. Corporate insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

APH has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Citigroup upped their target price on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday. Evercore ISI increased their price objective on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Finally, US Capital Advisors set a $85.00 target price on shares of Amphenol in a report 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.00.

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.