Amphenol Corporation (NYSE:APH) Holdings Boosted by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Amphenol Corporation by 1.6%, owning a total of 9,198,997 shares valued at approximately $603.4 million as of the latest SEC filing.
• Amphenol reported a significant quarterly revenue increase of 56.5% year-over-year, along with earnings per share of $0.81, surpassing expectations.
• The company announced a quarterly dividend of $0.165 per share, with an ex-dividend date set for September 16th, translating to an annualized yield of 0.6%.

Invesco Ltd. raised its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,198,997 shares of the electronics maker's stock after purchasing an additional 141,069 shares during the quarter. Invesco Ltd. owned 0.76% of Amphenol worth $603,362,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Amphenol by 1.9% in the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after buying an additional 2,870,933 shares during the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $4,091,426,000 after buying an additional 15,837,407 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of 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 worth $1,733,027,000 after buying an additional 18,619,417 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Amphenol by 14.9% in the fourth quarter. Northern Trust Corp now owns 13,065,802 shares of the electronics maker's stock worth $907,420,000 after buying an additional 1,689,632 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Amphenol by 40.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,732,690 shares of the electronics maker's stock worth $507,187,000 after purchasing an additional 2,211,338 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Trading Down 1.9%

Shares of NYSE APH traded down $2.10 during trading on Wednesday, reaching $109.75. The stock had a trading volume of 9,871,159 shares, compared to its average volume of 8,507,049. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $112.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. The business's 50-day moving average price is $99.86 and its 200-day moving average price is $81.43. The company has a market cap of $134.00 billion, a P/E ratio of 43.73, a PEG ratio of 1.79 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (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 return on equity of 30.58% and a net margin of 16.90%. Amphenol's revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. On average, equities research analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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

Wall Street Analysts Forecast Growth

APH has been the topic of a number of recent analyst reports. UBS Group increased their price target on Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Citigroup increased their target price on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 24th. KGI Securities started coverage on Amphenol in a report on Thursday, June 26th. They set a "hold" rating for the company. Truist Financial increased their price target on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Industrial Alliance Securities set a $115.00 price objective on Amphenol in a research note on Friday, July 11th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.92.

Insider Transactions at Amphenol

In other news, insider William J. Doherty sold 113,000 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $110.29, for a total value of $12,462,770.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Luc Walter sold 286,000 shares of the business's stock in a transaction dated 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 transaction, the insider owned 451,790 shares in the company, valued at $41,307,159.70. This trade represents a 38.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 812,000 shares of company stock valued at $77,703,320 over the last quarter. Company insiders own 1.67% of the company's stock.

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.