Commerce Bank Purchases 2,935 Shares of Amphenol Corporation (NYSE:APH)

Commerce Bank boosted its position in Amphenol Corporation (NYSE:APH) by 1.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,823 shares of the electronics maker’s stock after buying an additional 2,935 shares during the period. Commerce Bank’s holdings in Amphenol were worth $11,335,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Forum Financial Management LP increased its holdings in Amphenol by 1.9% during the 1st quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker’s stock worth $438,000 after purchasing an additional 126 shares in the last quarter. FourThought Financial Partners LLC increased its holdings in Amphenol by 4.1% during the 1st quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker’s stock worth $231,000 after purchasing an additional 139 shares in the last quarter. Gallacher Capital Management LLC increased its holdings in Amphenol by 4.6% during the 1st quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker’s stock worth $210,000 after purchasing an additional 142 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its holdings in Amphenol by 2.5% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker’s stock worth $389,000 after purchasing an additional 143 shares in the last quarter. Finally, Fullcircle Wealth LLC increased its holdings in Amphenol by 1.3% during the 1st quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker’s stock worth $774,000 after purchasing an additional 151 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Transactions at Amphenol

In other Amphenol news, VP David M. Silverman sold 100,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction 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 approximately $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction on 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 transaction, the vice president directly owned 152,412 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 586,000 shares of company stock valued at $52,935,980 in the last three months. 1.67% of the stock is currently owned by company insiders.

Amphenol Price Performance

Shares of NYSE APH opened at $104.29 on Friday. The stock has a fifty day simple moving average of $96.99 and a two-hundred day simple moving average of $79.62. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $108.85. The firm has a market cap of $127.33 billion, a price-to-earnings ratio of 41.55, a price-to-earnings-growth ratio of 1.78 and a beta of 1.13. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company earned $0.44 earnings per share. Amphenol’s revenue was up 56.5% compared to the same quarter last year. Analysts anticipate that Amphenol Corporation 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, October 8th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol’s dividend payout ratio is 26.29%.

Analysts Set New Price Targets

A number of brokerages have commented on APH. UBS Group boosted their price objective on Amphenol from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on Amphenol from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Robert W. Baird upped their target price on Amphenol from $113.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Amphenol in a report on Friday, July 11th. Finally, US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.23.

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.