Signaturefd LLC Increases Stake in Amphenol Corporation (NYSE:APH)

Signaturefd LLC increased its position in shares of Amphenol Corporation (NYSE:APH) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,344 shares of the electronics maker’s stock after buying an additional 2,474 shares during the period. Signaturefd LLC’s holdings in Amphenol were worth $2,318,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in APH. Norges Bank purchased a new position in shares of Amphenol during the fourth quarter valued at $1,378,794,000. Bank of America Corp DE grew its stake in 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 valued at $1,733,027,000 after purchasing an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 valued at $4,091,426,000 after purchasing an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP grew its stake in Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock valued at $487,130,000 after purchasing an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake 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 purchasing an additional 3,933,269 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity

In related news, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the sale, the vice president owned 152,412 shares of the company’s stock, valued at $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David M. Silverman sold 100,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,113,625. The trade was a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on APH shares. UBS Group lifted their target price on Amphenol from $106.00 to $115.00 and gave the company a “buy” rating in a research note on Monday. Industrial Alliance Securities set a $115.00 target price on Amphenol in a research note on Friday. KGI Securities started coverage on Amphenol in a research note on Thursday, June 26th. They issued a “hold” rating on the stock. Citigroup lifted their target price on Amphenol from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wall Street Zen upgraded Amphenol from a “hold” rating to a “buy” rating in a research note on Sunday, June 22nd. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.64.

Amphenol Trading Up 1.5%

Amphenol stock opened at $100.28 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $101.62. The company has a market capitalization of $121.29 billion, a price-to-earnings ratio of 48.68, a price-to-earnings-growth ratio of 2.26 and a beta of 1.13. The stock has a 50-day moving average price of $91.60 and a 200 day moving average price of $76.49.

Amphenol (NYSE:APH) last released 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. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue was up 47.7% compared to the same quarter last year. Sell-side analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Tuesday, June 17th. Amphenol’s dividend payout ratio (DPR) 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.