Wellington Management Group LLP Grows Stake in Amphenol Corporation $APH

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Wellington Management Group LLP boosted its position in Amphenol Corporation (NYSE:APH - Free Report) by 73.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,168,971 shares of the electronics maker's stock after purchasing an additional 5,154,860 shares during the period. Wellington Management Group LLP owned about 1.01% of Amphenol worth $798,163,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of APH. Brighton Jones LLC increased its stake in Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after purchasing an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after buying an additional 4,721 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Amphenol by 2.7% during the 4th quarter. NewEdge Advisors LLC now owns 49,587 shares of the electronics maker's stock valued at $3,444,000 after buying an additional 1,297 shares during the last quarter. Freedom Investment Management Inc. acquired a new stake in Amphenol during the 4th quarter valued at $288,000. Finally, Dimensional Fund Advisors LP grew its holdings in Amphenol by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,625,209 shares of the electronics maker's stock valued at $251,785,000 after buying an additional 197,237 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Trading Up 1.8%

Shares of APH opened at $111.13 on Tuesday. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $135.68 billion, a P/E ratio of 44.28, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. The stock's fifty day simple moving average is $101.26 and its 200 day simple moving average is $82.65. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $112.35.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. The business had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The business's quarterly revenue was up 56.5% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. On average, equities research analysts forecast 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 will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is 26.29%.

Insider Transactions at Amphenol

In related news, insider William J. Doherty sold 160,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the transaction, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. This trade represents a 20.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 812,000 shares of company stock valued at $77,703,320. Corporate insiders own 1.67% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. UBS Group increased 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. Truist Financial increased their target price on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen cut Amphenol from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th. TD Securities increased their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Industrial Alliance Securities set a $115.00 target price on Amphenol in a report on Friday, July 11th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $104.92.

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.

Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.