Stephens Inc. AR Acquires 20,633 Shares of Amphenol Corporation (NYSE:APH)

Stephens Inc. AR grew its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 318,832 shares of the electronics maker's stock after buying an additional 20,633 shares during the period. Stephens Inc. AR's holdings in Amphenol were worth $20,912,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Amphenol in the fourth quarter worth $1,378,794,000. Bank of America Corp DE increased its position in shares of 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 purchasing an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Wellington Management Group LLP increased its position in shares of Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after purchasing an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC grew its position in Amphenol by 118.4% in 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 acquiring an additional 3,933,269 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Insider Activity at Amphenol

In other news, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.93, for a total value of $30,372,000.00. Following the transaction, the chief financial officer directly owned 100,000 shares in the company, valued at $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 valued at $294,839,785 over the last three months. 1.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APH. UBS Group lifted their target price on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research report on Friday, May 30th. The Goldman Sachs Group lifted their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Evercore ISI lifted their target price on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. TD Securities lifted their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Finally, Fox Advisors raised 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. Five equities research 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, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.15.

Amphenol Trading Up 0.4%

Shares of Amphenol 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 7,691,952. The stock has a fifty day moving average price of $91.20 and a 200 day moving average price of $76.25. 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 firm has a market cap of $119.44 billion, a PE ratio of 47.93, a P/E/G ratio of 2.26 and a beta of 1.13. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $99.99.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data 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 return on equity of 27.68% and a net margin of 15.58%. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. The firm's quarterly revenue was up 47.7% on a year-over-year basis. On average, equities analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date was Tuesday, June 17th. Amphenol's payout ratio is 32.04%.

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.