Czech National Bank Buys 426 Shares of Amphenol Co. (NYSE:APH)

Czech National Bank raised its stake in Amphenol Co. (NYSE:APH) by 0.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 70,473 shares of the electronics maker’s stock after acquiring an additional 426 shares during the period. Czech National Bank’s holdings in Amphenol were worth $5,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC boosted its holdings in Amphenol by 3.8% in the first quarter. FMR LLC now owns 55,754,070 shares of the electronics maker’s stock valued at $4,556,223,000 after acquiring an additional 2,019,062 shares during the last quarter. State Street Corp lifted its position in shares of Amphenol by 2.4% in the 1st quarter. State Street Corp now owns 24,794,281 shares of the electronics maker’s stock worth $2,031,342,000 after purchasing an additional 582,081 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Amphenol by 5.3% in the 1st quarter. JPMorgan Chase & Co. now owns 14,906,311 shares of the electronics maker’s stock valued at $1,218,144,000 after purchasing an additional 756,463 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Amphenol by 0.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,676,380 shares of the electronics maker’s stock worth $1,117,460,000 after buying an additional 95,144 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its stake in Amphenol by 95,441.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,868,807 shares of the electronics maker’s stock worth $1,055,971,000 after buying an additional 13,854,291 shares during the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $88.57, for a total value of $4,428,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Amphenol news, VP Lance E. D’amico sold 75,000 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $88.71, for a total value of $6,653,250.00. Following the completion of the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,279,847. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $88.57, for a total value of $4,428,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,339,962 shares of company stock worth $117,480,732. Insiders own 2.22% of the company’s stock.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of research analyst reports. Truist Financial upped their price target on shares of Amphenol from $93.00 to $101.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Stifel Nicolaus raised their target price on Amphenol from $80.00 to $88.00 in a research note on Thursday, July 27th. StockNews.com assumed coverage on Amphenol in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Bank of America raised their price objective on shares of Amphenol from $90.00 to $100.00 in a research report on Thursday, July 27th. Finally, UBS Group boosted their target price on shares of Amphenol from $88.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.25.

Amphenol Trading Down 0.9 %

Shares of Amphenol stock opened at $85.72 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.60 and a current ratio of 2.33. Amphenol Co. has a 52 week low of $65.21 and a 52 week high of $90.28. The stock has a 50 day moving average price of $86.67 and a two-hundred day moving average price of $81.16. The stock has a market capitalization of $51.13 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 3.40 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Amphenol had a net margin of 15.15% and a return on equity of 25.85%. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the previous year, the business posted $0.75 EPS. Amphenol’s quarterly revenue was down 2.6% on a year-over-year basis. As a group, equities analysts anticipate that Amphenol Co. will post 2.92 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Tuesday, September 19th will be given a $0.21 dividend. The ex-dividend date is Monday, September 18th. This represents a $0.84 annualized dividend and a yield of 0.98%. Amphenol’s payout ratio is 27.36%.

Amphenol 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.