United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Grows Stock Position in Amphenol Corporation (NYSE:APH)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in Amphenol Corporation (NYSE:APH) by 19.7% in the first quarter, Holdings Channel reports. The fund owned 967,112 shares of the electronics maker’s stock after buying an additional 158,962 shares during the quarter. Amphenol makes up about 2.6% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 14th biggest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Amphenol were worth $63,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APH. FMR LLC raised its position in shares of Amphenol by 2.6% in the 4th 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 raised its position in shares of Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock valued at $4,091,426,000 after purchasing an additional 15,837,407 shares in the last quarter. Bank of America Corp DE raised its position in shares of 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 purchasing an additional 18,619,417 shares in the last quarter. Northern Trust Corp raised its position in shares of Amphenol by 14.9% in the 4th quarter. Northern Trust Corp now owns 13,065,802 shares of the electronics maker’s stock valued at $907,420,000 after purchasing an additional 1,689,632 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Amphenol by 1.2% in the 4th quarter. Invesco Ltd. now owns 9,057,928 shares of the electronics maker’s stock valued at $629,073,000 after purchasing an additional 107,482 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 286,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the sale, the insider directly owned 451,790 shares of the company’s stock, valued at $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value 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. The trade was a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 586,000 shares of company stock valued at $52,935,980 over the last three months. Corporate insiders own 1.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. KGI Securities began coverage on Amphenol in a research report on Thursday, June 26th. They issued a “hold” rating on the stock. Fox Advisors raised Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on Amphenol in a research report on Thursday, April 24th. Citigroup upped their price target on Amphenol from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on Amphenol from $120.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $102.23.

Amphenol Price Performance

Shares of NYSE APH opened at $104.29 on Friday. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $108.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The business’s fifty day moving average price is $96.99 and its two-hundred day moving average price is $79.62. The firm has a market capitalization of $127.33 billion, a PE ratio of 41.55, a P/E/G ratio of 1.78 and a beta of 1.13.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping 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 analyst estimates of $5.01 billion. During the same period last year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. On average, research 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, October 8th. Shareholders of record on Tuesday, September 16th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 annualized dividend and a yield of 0.6%. Amphenol’s dividend payout ratio (DPR) is currently 26.29%.

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.