Sumitomo Mitsui Trust Group Inc. Has $322.85 Million Stake in Amphenol Corporation (NYSE:APH)

Sumitomo Mitsui Trust Group Inc. decreased its stake in Amphenol Corporation (NYSE:APH - Free Report) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,922,202 shares of the electronics maker's stock after selling 120,661 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.41% of Amphenol worth $322,847,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC lifted its position in Amphenol by 29.4% in the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock worth $1,144,000 after buying an additional 3,964 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in Amphenol in the 4th quarter worth approximately $13,847,000. Assenagon Asset Management S.A. lifted its position in Amphenol by 4.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock worth $4,061,000 after buying an additional 2,514 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after buying an additional 4,721 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Amphenol in the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Transactions at Amphenol

In other news, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the transaction, the chief financial officer now owns 100,000 shares in the company, valued at approximately $7,593,000. The trade was a 80.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,920,792. The trade was a 77.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by company insiders.

Amphenol Stock Performance

Shares of APH traded up $0.78 during mid-day trading on Friday, hitting $97.76. The company's stock had a trading volume of 19,776,547 shares, compared to its average volume of 7,612,736. The stock's 50-day moving average is $86.34 and its two-hundred day moving average is $74.43. The firm has a market capitalization of $118.24 billion, a PE ratio of 46.29, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. Amphenol Corporation has a one year low of $54.77 and a one year high of $98.07.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate 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 net margin of 15.58% and a return on equity of 27.68%. The business's quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS. As a group, sell-side analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders 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 dividend yield of 0.68%. Amphenol's payout ratio is 32.04%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on APH shares. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Evercore ISI raised their price target on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Citigroup raised their price target on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a report on Thursday, April 24th. Finally, The Goldman Sachs Group raised their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $88.00.

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.