M.D. Sass LLC acquired a new position in shares of Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,045,366 shares of the electronics maker's stock, valued at approximately $68,566,000. Amphenol makes up about 6.0% of M.D. Sass LLC's investment portfolio, making the stock its biggest position. M.D. Sass LLC owned 0.09% of Amphenol at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bank of America Corp DE boosted its stake in Amphenol by 294.0% in the fourth 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after purchasing an additional 3,933,269 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Amphenol by 108.9% during the fourth quarter. Mackenzie Financial Corp now owns 5,564,252 shares of the electronics maker's stock valued at $386,437,000 after purchasing an additional 2,900,024 shares during the period. Finally, FMR LLC boosted its stake in shares of Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.
Amphenol Stock Up 1.0%
APH traded up $1.11 during trading on Wednesday, reaching $109.04. The stock had a trading volume of 1,799,758 shares, compared to its average volume of 8,539,892. Amphenol Corporation has a one year low of $56.45 and a one year high of $109.89. 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 stock's 50 day moving average is $97.84 and its two-hundred day moving average is $80.22. The company has a market capitalization of $133.13 billion, a price-to-earnings ratio of 43.47, a P/E/G ratio of 1.81 and a beta of 1.13.
Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The firm had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the company earned $0.44 earnings per share. The company's revenue was up 56.5% on a year-over-year basis. As a group, analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is presently 26.29%.
Insider Transactions at Amphenol
In related news, VP David M. Silverman sold 100,000 shares of Amphenol 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 sale, the vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 586,000 shares of company stock valued at $52,935,980. Company insiders own 1.67% of the company's stock.
Wall Street Analyst Weigh In
APH has been the subject of a number of analyst reports. Wall Street Zen raised Amphenol from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a research note on Friday, July 11th. KGI Securities started coverage on Amphenol in a research note on Thursday, June 26th. They set a "hold" rating for the company. Citigroup raised their price target on Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $104.92.
Check Out Our Latest Stock Report on Amphenol
About Amphenol
(
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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