Mattern Capital Management LLC purchased a new position in shares of Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 56,267 shares of the electronics maker's stock, valued at approximately $3,691,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Raiffeisen Bank International AG bought a new position in shares of Amphenol during the 4th quarter worth $13,847,000. Assenagon Asset Management S.A. lifted its holdings in Amphenol by 4.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock worth $4,061,000 after purchasing an additional 2,514 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after purchasing an additional 4,721 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Amphenol during the 4th quarter worth about $60,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Amphenol by 21.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 243,765 shares of the electronics maker's stock worth $15,989,000 after purchasing an additional 42,669 shares in the last quarter. Institutional investors own 97.01% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on APH shares. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a report on Sunday. The Goldman Sachs Group increased their price objective on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. TD Securities increased their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Robert W. Baird increased their price objective on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Evercore ISI raised their price target on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Four equities 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $88.00.
Check Out Our Latest Stock Report on APH
Insider Activity
In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lance E. D'amico sold 175,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,920,792. The trade was a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by insiders.
Amphenol Price Performance
Shares of Amphenol stock opened at $95.86 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $115.95 billion, a PE ratio of 46.53, a price-to-earnings-growth ratio of 2.17 and a beta of 1.12. The business's 50-day moving average price is $84.40 and its 200-day moving average price is $73.93. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $96.69.
Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The company's revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 EPS. Sell-side analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.
Amphenol Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.69%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.
Amphenol Profile
(
Free Report)
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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