Watchman Group Inc. Has $4.13 Million Position in Amphenol Corporation (NYSE:APH)

Watchman Group Inc. lessened its stake in shares of Amphenol Corporation (NYSE:APH) by 5.2% during the first quarter, Holdings Channel reports. The fund owned 63,024 shares of the electronics maker’s stock after selling 3,472 shares during the quarter. Amphenol comprises 1.2% of Watchman Group Inc.’s investment portfolio, making the stock its 23rd largest position. Watchman Group Inc.’s holdings in Amphenol were worth $4,134,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Perigon Wealth Management LLC increased its stake in Amphenol by 29.4% during the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker’s stock valued at $1,144,000 after purchasing an additional 3,964 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in Amphenol during the 4th quarter valued at $13,847,000. Cambridge Investment Research Advisors Inc. increased its stake in Amphenol by 46.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker’s stock valued at $4,589,000 after purchasing an additional 22,293 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in Amphenol by 14.4% during the 1st quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker’s stock valued at $295,000 after purchasing an additional 568 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Amphenol by 4.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker’s stock valued at $4,061,000 after purchasing an additional 2,514 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity at Amphenol

In other Amphenol news, VP David M. Silverman sold 100,000 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the transaction, the vice president owned 152,412 shares of the company’s stock, valued at $13,532,661.48. The trade was a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 812,000 shares of company stock worth $77,703,320 in the last ninety days. Corporate insiders own 1.67% of the company’s stock.

Amphenol Price Performance

APH opened at $110.76 on Friday. The firm has a market cap of $135.23 billion, a P/E ratio of 44.13, a PEG ratio of 1.76 and a beta of 1.13. The firm has a 50-day moving average of $100.58 and a 200 day moving average of $81.92. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $112.35.

Amphenol (NYSE:APH) last posted 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. The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, research analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 annualized dividend and a yield of 0.6%. Amphenol’s dividend payout ratio is presently 26.29%.

Wall Street Analyst Weigh In

A number of analysts have commented on APH shares. UBS Group boosted their price target on shares of Amphenol from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Bank of America boosted their price target on shares of Amphenol from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a research note on Friday, July 11th. Citigroup upped their target price on shares of Amphenol from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen lowered shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 10th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $104.92.

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.