UMB Bank n.a. Raises Position in Amphenol Co. (NYSE:APH)

UMB Bank n.a. boosted its holdings in Amphenol Co. (NYSE:APH) by 0.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 330,143 shares of the electronics maker’s stock after purchasing an additional 2,440 shares during the period. UMB Bank n.a.’s holdings in Amphenol were worth $21,654,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of APH. Vanguard Group Inc. grew its position in Amphenol by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock valued at $10,565,279,000 after buying an additional 2,108,578 shares in the last quarter. FMR LLC boosted its position in Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Amphenol by 36.8% during the 4th 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 last quarter. Geode Capital Management LLC raised its stake in shares of Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock valued at $1,754,672,000 after acquiring an additional 659,560 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Amphenol by 294.0% during 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 acquiring an additional 18,619,417 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insider Activity at Amphenol

In other news, insider Luc Walter sold 286,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider now directly owns 451,790 shares in the company, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William J. Doherty sold 126,000 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last 90 days. 1.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

APH has been the topic of several recent research reports. Citigroup lifted their price objective on Amphenol from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, May 27th. TD Securities raised their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Finally, Evercore ISI lifted their price target on Amphenol from $88.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $86.31.

Amphenol Price Performance

Shares of NYSE APH opened at $93.42 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $93.68. The stock has a market capitalization of $113.00 billion, a P/E ratio of 48.78, a P/E/G ratio of 1.92 and a beta of 1.12. The company’s 50-day moving average is $77.23 and its 200 day moving average is $72.25.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share 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 15.92% and a return on equity of 25.67%. The firm’s quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 earnings per share. On average, sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. 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.