James Hambro & Partners LLP lifted its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,052,766 shares of the electronics maker's stock after acquiring an additional 102,875 shares during the quarter. Amphenol accounts for about 5.6% of James Hambro & Partners LLP's holdings, making the stock its 6th biggest position. James Hambro & Partners LLP owned about 0.17% of Amphenol worth $134,651,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after acquiring an additional 2,108,578 shares in the last quarter. FMR LLC boosted its stake in shares of Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after acquiring an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Amphenol by 36.8% during the 4th 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 acquiring an additional 15,837,407 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Amphenol by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after acquiring an additional 659,560 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after acquiring an additional 18,619,417 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.
Insider Transactions at Amphenol
In related news, insider Luc Walter sold 286,000 shares of the 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 completion of the sale, the insider now directly owns 451,790 shares in the company, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The sale 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 the stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the sale, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last ninety days. Insiders own 1.67% of the company's stock.
Analyst Ratings Changes
APH has been the subject of several research reports. Citigroup lifted their price objective on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. The Goldman Sachs Group lifted their price objective on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. US Capital Advisors set a $85.00 price objective on Amphenol in a research report on Thursday, April 24th. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research report on Thursday, April 24th. Finally, TD Securities lifted their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and a consensus target price of $88.00.
Get Our Latest Analysis on APH
Amphenol Trading Down 2.3%
Shares of Amphenol stock traded down $2.22 during trading hours on Friday, reaching $92.38. 7,132,279 shares of the company's stock were exchanged, compared to its average volume of 7,523,156. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $94.83. The firm has a market capitalization of $111.75 billion, a price-to-earnings ratio of 48.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The company has a fifty day moving average of $80.32 and a 200-day moving average of $72.94. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.
Amphenol (NYSE:APH - Get Free Report) last issued its quarterly 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. Sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.
Amphenol Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. Amphenol's payout ratio is 32.04%.
Amphenol Profile
(
Free Report)
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.
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