KBC Group NV Has $34.46 Million Stock Holdings in Amphenol Corporation (NYSE:APH)

KBC Group NV lowered its stake in Amphenol Corporation (NYSE:APH - Free Report) by 8.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 525,385 shares of the electronics maker's stock after selling 46,996 shares during the quarter. KBC Group NV's holdings in Amphenol were worth $34,461,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MJP Associates Inc. ADV lifted its holdings in Amphenol by 2.3% in the fourth quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock worth $509,000 after acquiring an additional 166 shares during the last quarter. Beverly Hills Private Wealth LLC raised its holdings in shares of Amphenol by 1.4% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker's stock valued at $1,045,000 after buying an additional 203 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its holdings in shares of Amphenol by 6.8% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 3,309 shares of the electronics maker's stock valued at $217,000 after buying an additional 211 shares during the last quarter. Rothschild Investment LLC raised its holdings in shares of Amphenol by 10.5% during the first quarter. Rothschild Investment LLC now owns 2,260 shares of the electronics maker's stock valued at $148,000 after buying an additional 214 shares during the last quarter. Finally, Regal Investment Advisors LLC raised its holdings in shares of Amphenol by 2.8% during the fourth quarter. Regal Investment Advisors LLC now owns 8,064 shares of the electronics maker's stock valued at $560,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Robert W. Baird lifted their price target on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Evercore ISI raised their price objective on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. Finally, KGI Securities assumed coverage on shares of Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating for the company. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

Amphenol Price Performance

Shares of APH stock traded down $1.32 during trading hours on Tuesday, reaching $97.43. 6,782,237 shares of the company were exchanged, compared to its average volume of 7,623,727. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $99.01. The stock's fifty day moving average is $87.04 and its two-hundred day moving average is $74.61. The company has a market cap of $117.85 billion, a price-to-earnings ratio of 47.30, a P/E/G ratio of 2.25 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is 32.04%.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 100,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.09, for a total value of $8,909,000.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company's stock, valued at approximately $1,113,625. This trade represents a 88.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William J. Doherty sold 160,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock valued at $294,839,785 over the last three months. Insiders own 1.67% of the company's stock.

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.