National Bank of Canada FI Raises Stock Holdings in Amphenol Corporation (NYSE:APH)

Key Points

• National Bank of Canada FI increased its stake in Amphenol Corporation by 2.9%, acquiring an additional 52,507 shares for a total of approximately $121 million in value.
• Amphenol reported quarterly earnings of $0.81 EPS, surpassing analysts' expectations of $0.66, with a revenue of $5.65 billion, a 56.5% increase year-over-year.
• The company recently declared a quarterly dividend of $0.165, providing a 0.6% yield, with an upcoming payment date of October 8th.

National Bank of Canada FI boosted its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,845,855 shares of the electronics maker's stock after buying an additional 52,507 shares during the period. National Bank of Canada FI owned 0.15% of Amphenol worth $121,069,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new stake in Amphenol during the 1st quarter worth approximately $25,000. Avalon Trust Co increased its holdings in shares of Amphenol by 133.3% in the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 232 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Amphenol in the first quarter valued at approximately $28,000. Global X Japan Co. Ltd. acquired a new position in shares of Amphenol in the first quarter valued at approximately $44,000. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of Amphenol in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

APH traded down $0.15 during trading on Monday, reaching $109.83. 4,858,996 shares of the stock were exchanged, compared to its average volume of 9,268,698. The business's 50 day moving average price is $99.07 and its two-hundred day moving average price is $80.99. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The company has a market capitalization of $134.09 billion, a price-to-earnings ratio of 43.76, a P/E/G ratio of 1.79 and a beta of 1.13. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $111.00.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results 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 company had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. Amphenol's quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. As a group, equities research analysts anticipate 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 dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's payout ratio is presently 26.29%.

Insider Transactions at Amphenol

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP David M. Silverman sold 100,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were 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 owned 12,500 shares in the company, valued at $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 586,000 shares of company stock valued at $52,935,980 in the last three months. 1.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on APH. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. UBS Group boosted their target price on Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Citigroup boosted their target price on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Bank of America lifted their price target on Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $104.92.

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.