Madison Asset Management LLC Has $167.02 Million Position in Amphenol Corporation (NYSE:APH)

Madison Asset Management LLC raised its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 12.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,546,347 shares of the electronics maker's stock after purchasing an additional 274,945 shares during the period. Amphenol accounts for about 1.9% of Madison Asset Management LLC's portfolio, making the stock its 9th biggest position. Madison Asset Management LLC owned about 0.21% of Amphenol worth $167,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APH. Norges Bank purchased a new position in Amphenol in the 4th quarter worth $1,378,794,000. Bank of America Corp DE grew its position 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 valued at $1,733,027,000 after acquiring an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in 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. Wellington Management Group LLP boosted its holdings in Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after buying an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Amphenol by 118.4% in the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after buying an additional 3,933,269 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Truist Financial boosted their target price on Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday. US Capital Advisors set a $85.00 target price on Amphenol in a research report on Thursday, April 24th. Industrial Alliance Securities set a $115.00 target price on Amphenol in a research report on Friday, July 11th. UBS Group increased their price objective on Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Evercore ISI increased their price objective on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $102.23.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction 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 sale, the insider owned 451,790 shares of the company's stock, valued at $41,307,159.70. The trade was a 38.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. The trade was a 20.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 799,500 shares of company stock valued at $70,053,885. 1.67% of the stock is owned by corporate insiders.

Amphenol Stock Up 0.5%

Shares of NYSE:APH traded up $0.50 during midday trading on Friday, hitting $104.96. 7,303,018 shares of the company's stock traded hands, compared to its average volume of 8,704,418. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.36 and a current ratio of 2.02. The company has a market cap of $126.96 billion, a PE ratio of 41.82, a P/E/G ratio of 2.05 and a beta of 1.13. The firm's fifty day moving average price is $95.00 and its two-hundred day moving average price is $78.41. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $108.85.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm's revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. On average, equities 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 paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Tuesday, June 17th. Amphenol's payout ratio is 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.