Sherbrooke Park Advisers LLC Trims Holdings in Amphenol Co. (NYSE:APH)

Sherbrooke Park Advisers LLC reduced its stake in shares of Amphenol Co. (NYSE:APH) by 16.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,042 shares of the electronics maker’s stock after selling 3,075 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Amphenol were worth $1,114,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Amphenol by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after acquiring an additional 2,108,578 shares during the last quarter. FMR LLC boosted its position in shares of Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock worth $7,240,202,000 after acquiring an additional 2,643,752 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock worth $4,091,426,000 after acquiring an additional 15,837,407 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Amphenol by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock worth $1,754,672,000 after acquiring an additional 659,560 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock worth $1,733,027,000 after acquiring an additional 18,619,417 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider William J. Doherty sold 126,000 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 175,000 shares of the business’s stock in a transaction on 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 transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,178,500 shares of company stock valued at $241,903,805 over the last 90 days. 1.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a report on Thursday, April 24th. Citigroup raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 24th. TD Securities raised their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Finally, Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a report on Thursday, April 24th. Five equities research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $81.62.

Amphenol Stock Up 0.2%

APH stock opened at $85.82 on Friday. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $86.80. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $103.81 billion, a P/E ratio of 44.81, a PEG ratio of 1.92 and a beta of 1.10. The firm has a 50 day simple moving average of $69.91 and a 200-day simple moving average of $70.28.

Amphenol (NYSE:APH) last released 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 firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. On average, equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s dividend payout ratio is presently 32.04%.

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.