KLP Kapitalforvaltning AS Buys 4,800 Shares of Amphenol Corporation (NYSE:APH)

KLP Kapitalforvaltning AS grew its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 411,024 shares of the electronics maker's stock after acquiring an additional 4,800 shares during the period. KLP Kapitalforvaltning AS's holdings in Amphenol were worth $27,017,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC grew its holdings in Amphenol by 29.4% during the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock worth $1,144,000 after acquiring an additional 3,964 shares during the period. Raiffeisen Bank International AG acquired a new stake in Amphenol during the 4th quarter worth about $13,847,000. Cambridge Investment Research Advisors Inc. grew its holdings in Amphenol by 46.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock worth $4,589,000 after acquiring an additional 22,293 shares during the period. Transcend Capital Advisors LLC grew its holdings in Amphenol by 14.4% during the 1st quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock worth $295,000 after acquiring an additional 568 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Amphenol by 4.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after buying an additional 2,514 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Up 0.5%

NYSE APH traded up $0.50 during trading hours on Friday, hitting $104.96. The company's stock had a trading volume of 7,303,018 shares, compared to its average volume of 8,704,418. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $108.85. The company has a market capitalization of $126.96 billion, a PE ratio of 41.82, a price-to-earnings-growth ratio of 2.06 and a beta of 1.13. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.61. The company's 50-day simple moving average is $95.00 and its two-hundred day simple moving average is $78.46.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm had revenue of $5.65 billion for the quarter, compared to analysts' expectations of $5.01 billion. During the same quarter last year, the firm earned $0.44 EPS. The company's quarterly revenue was up 56.5% compared to the same quarter last year. Research analysts anticipate 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 was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. Amphenol's dividend payout ratio is currently 26.29%.

Analyst Upgrades and Downgrades

APH has been the subject of several research reports. UBS Group raised their target price on Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday. 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. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. KGI Securities initiated coverage on Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating for the company. Finally, JPMorgan Chase & Co. raised their target price on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $102.23.

Insider Activity

In other Amphenol news, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the transaction, the vice president owned 12,500 shares of the company's stock, valued at $1,113,625. This trade represents a 88.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the sale, the insider directly 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 799,500 shares of company stock worth $70,053,885 in the last quarter. 1.67% of the stock is owned by corporate insiders.

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.