Phoenix Financial Ltd. Sells 5,176 Shares of Amphenol Corporation $APH

Phoenix Financial Ltd. lessened its position in shares of Amphenol Corporation (NYSE:APH) by 23.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,265 shares of the electronics maker’s stock after selling 5,176 shares during the period. Phoenix Financial Ltd.’s holdings in Amphenol were worth $1,703,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in APH. T. Rowe Price Investment Management Inc. lifted its position in shares of Amphenol by 196.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock valued at $1,098,190,000 after buying an additional 11,092,282 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Amphenol by 639.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock valued at $574,500,000 after buying an additional 7,573,750 shares during the last quarter. Nuveen LLC purchased a new position in shares of Amphenol during the 1st quarter valued at $476,842,000. Wellington Management Group LLP lifted its position in shares of Amphenol by 73.5% during the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock valued at $798,163,000 after buying an additional 5,154,860 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Amphenol by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock valued at $10,166,370,000 after buying an additional 2,870,933 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird set a $139.00 price target on Amphenol and gave the company an “outperform” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. increased their price objective on Amphenol from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. The Goldman Sachs Group set a $139.00 price objective on Amphenol and gave the stock a “buy” rating in a report on Monday, September 29th. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 10th. Finally, Citigroup reissued a “buy” rating and set a $145.00 price objective (up previously from $125.00) on shares of Amphenol in a report on Wednesday, September 24th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.00.

Amphenol Stock Performance

NYSE:APH opened at $124.60 on Wednesday. The business’s 50-day moving average price is $118.01 and its two-hundred day moving average price is $99.22. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $128.12. The stock has a market cap of $152.13 billion, a P/E ratio of 49.64, a PEG ratio of 1.67 and a beta of 1.17. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH) last released its quarterly earnings results 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 firm had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter last year, the firm posted $0.44 EPS. The company’s revenue was up 56.5% compared to the same quarter last year. As a group, equities analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. Amphenol’s dividend payout ratio (DPR) is presently 26.29%.

Insiders Place Their Bets

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $110.60, for a total value of $11,060,000.00. Following the sale, the vice president owned 76,400 shares of the company’s stock, valued at $8,449,840. This trade represents a 56.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Craig A. Lampo sold 40,076 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $110.56, for a total value of $4,430,802.56. Following the transaction, the chief financial officer directly owned 39,884 shares in the company, valued at approximately $4,409,575.04. This represents a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 665,924 shares of company stock worth $73,369,357. 1.67% of the stock is currently owned by insiders.

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.