Longbow Finance SA Grows Stock Holdings in Amphenol Corporation (NYSE:APH)

Key Points

• Longbow Finance SA has increased its holdings in Amphenol Corporation by 25.8%, now owning 124,557 shares valued at approximately $8.17 million.
• Insider trading activity includes Vice President David M. Silverman selling 100,000 shares for nearly $8.91 million, reducing his stake by 88.89%.
• Amphenol reported a quarterly revenue of $5.65 billion, significantly above consensus estimates, and an earnings per share (EPS) of $0.81, exceeding expectations by $0.15.

Longbow Finance SA raised its position in Amphenol Corporation (NYSE:APH - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,557 shares of the electronics maker's stock after purchasing an additional 25,514 shares during the period. Longbow Finance SA's holdings in Amphenol were worth $8,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hughes Financial Services LLC purchased a new stake in shares of Amphenol during the 1st quarter valued at $25,000. Global X Japan Co. Ltd. purchased a new position in Amphenol in the 1st quarter worth $44,000. Coppell Advisory Solutions LLC purchased a new position in Amphenol in the 4th quarter worth $48,000. Colonial Trust Co SC raised its position in Amphenol by 342.9% in the 4th quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock worth $60,000 after purchasing an additional 672 shares during the period. Finally, West Branch Capital LLC purchased a new position in Amphenol in the 1st quarter worth $57,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on APH. UBS Group lifted their target price on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. KGI Securities began coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating on the stock. Truist Financial boosted their price objective on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Robert W. Baird boosted their price objective on shares of Amphenol from $113.00 to $118.00 and gave the company an "outperform" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $102.23.

Insider Activity

In other news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction that occurred on 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 transaction, the insider owned 451,790 shares in the company, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David M. Silverman sold 100,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the vice president owned 12,500 shares in the company, valued at approximately $1,113,625. This represents a 88.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 799,500 shares of company stock worth $70,053,885. Corporate insiders own 1.67% of the company's stock.

Amphenol Stock Up 0.5%

NYSE:APH traded up $0.50 during mid-day trading on Friday, hitting $104.96. 7,303,018 shares of the company's stock were exchanged, compared to its average volume of 8,704,418. Amphenol Corporation has a one year low of $54.77 and a one year high of $108.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.36. The business has a fifty day moving average price of $95.00 and a 200 day moving average price of $78.46. The company has a market cap of $126.96 billion, a PE ratio of 41.82, a P/E/G ratio of 2.06 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Amphenol's quarterly revenue was up 56.5% on a year-over-year basis. Equities analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. Amphenol's dividend payout ratio is presently 26.29%.

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.