Amphenol Co. (NYSE:APH) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI decreased its stake in shares of Amphenol Co. (NYSE:APH) by 38.7% during the first quarter, HoldingsChannel reports. The firm owned 3,250 shares of the electronics maker’s stock after selling 2,050 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Amphenol were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in APH. Vanguard Group Inc. increased its position in shares of Amphenol by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock valued at $10,565,279,000 after acquiring an additional 2,108,578 shares during the period. FMR LLC grew its stake in Amphenol by 2.6% during 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 during the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Amphenol by 2.7% during 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 purchasing an additional 659,560 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Amphenol by 294.0% during 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 purchasing an additional 18,619,417 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,002,507 shares of the company’s stock, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 175,000 shares of the 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 sale, the vice president now owns 51,400 shares of the company’s stock, valued at $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last ninety days. Corporate insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. 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. Robert W. Baird increased 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. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research report on Thursday, April 24th. Citigroup upped their price target on shares of Amphenol from $85.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. Finally, Evercore ISI lifted their price objective on Amphenol from $88.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, June 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $88.00.

Amphenol Price Performance

NYSE:APH opened at $93.00 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $94.11. The stock’s 50-day moving average price is $79.00 and its 200-day moving average price is $72.66. The stock has a market capitalization of $112.49 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. As a group, equities analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date 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.