Koss Olinger Consulting LLC Buys Shares of 8,021 Amphenol Corporation (NYSE:APH)

Key Points

• Koss Olinger Consulting LLC acquired a new stake in Amphenol Corporation by purchasing 8,021 shares valued at approximately $526,000 during Q1.
• Several institutional investors, including Vanguard Group and Goldman Sachs, have significantly increased their holdings in Amphenol, with hedge funds owning 97.01% of the company's stock.
• Amphenol reported strong quarterly earnings, beating expectations with $0.81 EPS, demonstrating a 56.5% year-over-year revenue increase.

Koss Olinger Consulting LLC bought a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,021 shares of the electronics maker's stock, valued at approximately $526,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Amphenol by 1.9% in the 1st 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 grew its position in shares of Amphenol by 36.8% in 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 buying an additional 15,837,407 shares during the last quarter. Bank of America Corp DE grew its position in shares of Amphenol by 294.0% in 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 buying an additional 18,619,417 shares during the last quarter. Northern Trust Corp grew its position in shares of Amphenol by 14.9% in the 4th 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. grew its position in shares of Amphenol by 40.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,732,690 shares of the electronics maker's stock worth $507,187,000 after buying an additional 2,211,338 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. TD Securities lifted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. UBS Group lifted their price objective on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Finally, KGI Securities began coverage on shares of Amphenol in a research note on Thursday, June 26th. They set a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $104.92.

Insider Activity

In other Amphenol news, insider Luc Walter sold 286,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the transaction, the insider owned 451,790 shares of the company's stock, valued at $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the transaction, the vice president directly owned 12,500 shares of the company's stock, valued at approximately $1,113,625. This trade represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 586,000 shares of company stock worth $52,935,980. Company insiders own 1.67% of the company's stock.

Amphenol Stock Up 1.3%

Shares of NYSE APH opened at $110.01 on Friday. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $110.60. The stock has a market cap of $134.31 billion, a PE ratio of 43.83, a P/E/G ratio of 1.79 and a beta of 1.13. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average of $99.07 and a 200 day moving average of $80.97.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. During the same quarter in the prior year, the company earned $0.44 EPS. Amphenol's revenue was up 56.5% compared to the same quarter last year. As a group, sell-side analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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

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.

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