DAVENPORT & Co LLC Has $3.96 Million Stock Position in Amphenol Corporation (NYSE:APH)

DAVENPORT & Co LLC lifted its holdings in Amphenol Corporation (NYSE:APH) by 29.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,885 shares of the electronics maker’s stock after acquiring an additional 13,730 shares during the period. DAVENPORT & Co LLC’s holdings in Amphenol were worth $3,957,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of APH. Vanguard Group Inc. lifted its position in shares of Amphenol by 1.4% during 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 acquiring an additional 2,108,578 shares during the period. FMR LLC raised its stake in Amphenol by 2.6% in 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Amphenol by 36.8% during the fourth 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 period. Geode Capital Management LLC grew its stake in Amphenol by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock worth $1,754,672,000 after buying an additional 659,560 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Amphenol by 294.0% in the 4th 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 buying an additional 18,619,417 shares during the period. 97.01% of the stock is owned by institutional investors.

Insider Transactions at Amphenol

In other news, insider William J. Doherty sold 160,000 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Luc Walter sold 286,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the sale, the insider owned 451,790 shares in the company, valued at $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by insiders.

Amphenol Price Performance

Amphenol stock opened at $99.36 on Friday. The stock has a 50-day moving average price of $88.68 and a two-hundred day moving average price of $75.10. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $99.71. The company has a market capitalization of $120.19 billion, a PE ratio of 48.23, a P/E/G ratio of 2.24 and a beta of 1.13. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the business earned $0.40 EPS. The firm’s quarterly revenue was up 47.7% on a year-over-year basis. Analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.66%. The ex-dividend date is Tuesday, June 17th. Amphenol’s payout ratio is presently 32.04%.

Wall Street Analyst Weigh In

APH has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Robert W. Baird upped their target price on Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Fox Advisors upgraded Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a research note on Thursday, April 24th. KGI Securities assumed coverage on Amphenol in a report on Thursday, June 26th. They set a “hold” rating for the company. Finally, US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. 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 data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and a consensus 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.