Sumitomo Mitsui DS Asset Management Company Ltd Increases Holdings in Amphenol Corporation (NYSE:APH)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 10.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 260,949 shares of the electronics maker's stock after acquiring an additional 24,397 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Amphenol were worth $17,116,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in APH. MJP Associates Inc. ADV grew its holdings in Amphenol by 2.3% during the fourth quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock valued at $509,000 after purchasing an additional 166 shares during the period. Beverly Hills Private Wealth LLC raised its stake in shares of Amphenol by 1.4% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker's stock worth $1,045,000 after buying an additional 203 shares during the period. Relyea Zuckerberg Hanson LLC lifted its position in shares of Amphenol by 6.8% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 3,309 shares of the electronics maker's stock valued at $217,000 after buying an additional 211 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of Amphenol by 10.5% during the 1st quarter. Rothschild Investment LLC now owns 2,260 shares of the electronics maker's stock valued at $148,000 after acquiring an additional 214 shares during the period. Finally, Regal Investment Advisors LLC increased its holdings in Amphenol by 2.8% in the 4th quarter. Regal Investment Advisors LLC now owns 8,064 shares of the electronics maker's stock worth $560,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APH shares. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. TD Securities upped their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. 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 research note on Thursday, April 24th. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Finally, KGI Securities assumed coverage on shares of Amphenol in a research note 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.00.

Insider Buying and Selling

In related news, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction 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 completion of the transaction, the vice president owned 12,500 shares in the company, valued at $1,113,625. The trade was a 88.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer owned 100,000 shares in the company, valued at approximately $7,593,000. The trade was a 80.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 over the last three months. 1.67% of the stock is currently owned by company insiders.

Amphenol Trading Down 1.3%

APH traded down $1.32 on Tuesday, hitting $97.43. The company had a trading volume of 6,782,237 shares, compared to its average volume of 7,612,074. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $99.01. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The business's fifty day simple moving average is $87.04 and its 200 day simple moving average is $74.61. The company has a market cap of $117.85 billion, a PE ratio of 47.30, a PEG ratio of 2.23 and a beta of 1.12.

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

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.68%. Amphenol's payout ratio is 32.04%.

About Amphenol

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.