Mar Vista Investment Partners LLC Sells 180,811 Shares of Amphenol Corporation (NYSE:APH)

Mar Vista Investment Partners LLC trimmed its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 31.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 399,632 shares of the electronics maker's stock after selling 180,811 shares during the period. Amphenol makes up approximately 2.2% of Mar Vista Investment Partners LLC's investment portfolio, making the stock its 27th largest position. Mar Vista Investment Partners LLC's holdings in Amphenol were worth $26,212,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its stake in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares in the last quarter. Global X Japan Co. Ltd. bought a new position in Amphenol during the 1st quarter worth approximately $44,000. Coppell Advisory Solutions LLC bought a new position in Amphenol during the 4th quarter worth approximately $48,000. West Branch Capital LLC bought a new stake in shares of Amphenol in the 1st quarter valued at $57,000. Finally, Colonial Trust Co SC increased its stake in shares of Amphenol by 342.9% in the 4th quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock valued at $60,000 after acquiring an additional 672 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Luc Walter sold 286,000 shares of the company's stock in a transaction 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 completion of the sale, the insider owned 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William J. Doherty sold 160,000 shares of the company'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 worth $294,839,785 in the last ninety days. 1.67% of the stock is currently owned by insiders.

Amphenol Price Performance

APH stock traded up $0.43 during midday trading on Friday, reaching $98.74. The company had a trading volume of 6,716,903 shares, compared to its average volume of 7,679,563. 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 Corporation has a 1 year low of $54.77 and a 1 year high of $99.99. The company has a market capitalization of $119.44 billion, a P/E ratio of 47.93, a P/E/G ratio of 2.25 and a beta of 1.13. The firm has a 50-day moving average price of $91.20 and a 200-day moving average price of $76.22.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the previous year, the company earned $0.40 EPS. The business's quarterly revenue was up 47.7% compared to the same quarter last year. On average, research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed 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 was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. Amphenol's dividend payout ratio (DPR) is 32.04%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APH. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Evercore ISI lifted their price objective on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research report on Thursday, April 24th. UBS Group boosted their price target on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $89.15.

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.