Amphenol Co. (NYSE:APH) Holdings Cut by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its stake in shares of Amphenol Co. (NYSE:APH) by 1.0% during the 4th quarter, HoldingsChannel reports. The fund owned 705,148 shares of the electronics maker’s stock after selling 6,919 shares during the period. Ensign Peak Advisors Inc’s holdings in Amphenol were worth $48,973,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Tacita Capital Inc grew its stake in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Amphenol in the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in Amphenol in the fourth quarter worth approximately $28,000. Rakuten Securities Inc. raised its position in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in Amphenol in the fourth quarter valued at approximately $32,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Up 0.2 %

NYSE APH opened at $80.78 on Friday. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $81.82. The stock has a market cap of $97.71 billion, a PE ratio of 42.18, a PEG ratio of 1.92 and a beta of 1.10. The firm has a 50-day simple moving average of $68.09 and a 200 day simple moving average of $69.83. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the company earned $0.40 EPS. On average, research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, June 17th. Amphenol’s dividend payout ratio is 32.04%.

Insider Transactions at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 175,000 shares of the firm’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares in the company, valued at $3,920,792. This trade represents a 77.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 87,500 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.03, for a total value of $7,002,625.00. Following the completion of the sale, the vice president now owns 12,500 shares in the company, valued at approximately $1,000,375. This represents a 87.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,178,500 shares of company stock valued at $241,903,805. Company insiders own 1.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on APH. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. TD Securities raised their price objective on Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird boosted their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.62.

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.