Montag A & Associates Inc. Increases Stake in Amphenol Corporation (NYSE:APH)

Montag A & Associates Inc. increased its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 25.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,833 shares of the electronics maker's stock after buying an additional 18,099 shares during the period. Montag A & Associates Inc.'s holdings in Amphenol were worth $5,841,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC grew its stake in Amphenol by 29.4% in the first quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock valued at $1,144,000 after purchasing an additional 3,964 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Amphenol in the fourth quarter valued at about $13,847,000. Cambridge Investment Research Advisors Inc. grew its stake in Amphenol by 46.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock valued at $4,589,000 after purchasing an additional 22,293 shares during the last quarter. Transcend Capital Advisors LLC grew its stake in Amphenol by 14.4% in the first quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock valued at $295,000 after purchasing an additional 568 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Amphenol by 4.2% in the first quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after purchasing an additional 2,514 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In other Amphenol news, VP David M. Silverman sold 100,000 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the completion of the sale, the vice president directly owned 12,500 shares in the company, valued at $1,113,625. This represents a 88.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the sale, the chief financial officer owned 100,000 shares of the company's stock, valued at approximately $7,593,000. The trade was a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock worth $294,839,785 over the last quarter. Corporate insiders own 1.67% of the company's stock.

Amphenol Trading Up 1.4%

Shares of APH stock opened at $103.37 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The company has a market cap of $125.04 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 2.35 and a beta of 1.13. The stock has a 50 day simple moving average of $93.26 and a 200-day simple moving average of $77.33. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $103.70.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The firm's revenue for the quarter was up 47.7% on a year-over-year basis. On average, equities research analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol's payout ratio is currently 32.04%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group restated a "buy" rating and set a $115.00 price target (up previously from $106.00) on shares of Amphenol in a research note on Monday, July 14th. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research note on Thursday, April 24th. Evercore ISI boosted their price target on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday. Industrial Alliance Securities set a $115.00 target price on Amphenol in a report on Friday, July 11th. Finally, KGI Securities began coverage on Amphenol in a report on Thursday, June 26th. They set a "hold" rating for the company. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $94.07.

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.

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