Point72 Hong Kong Ltd Grows Position in Amphenol Co. (NYSE:APH)

Point72 Hong Kong Ltd raised its position in Amphenol Co. (NYSE:APH - Free Report) by 27.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232,279 shares of the electronics maker's stock after purchasing an additional 50,365 shares during the quarter. Amphenol accounts for approximately 1.0% of Point72 Hong Kong Ltd's holdings, making the stock its 26th largest holding. Point72 Hong Kong Ltd's holdings in Amphenol were worth $16,132,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. grew its position in shares of Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after acquiring an additional 18,322 shares during the period. Spire Wealth Management boosted its position in Amphenol by 34.1% during the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock worth $6,836,000 after purchasing an additional 25,007 shares during the period. Consolidated Planning Corp raised its holdings in Amphenol by 37.0% in the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock valued at $1,192,000 after acquiring an additional 4,631 shares during the period. Pines Wealth Management LLC bought a new position in Amphenol in the 4th quarter valued at about $553,000. Finally, Kanawha Capital Management LLC grew its position in shares of Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after purchasing an additional 6,481 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

Shares of NYSE APH traded down $0.61 during midday trading on Monday, reaching $86.27. The company's stock had a trading volume of 8,316,036 shares, compared to its average volume of 8,430,263. The firm has a 50 day moving average price of $70.41 and a 200-day moving average price of $70.44. The stock has a market capitalization of $104.35 billion, a P/E ratio of 45.05, a PEG ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $86.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same period in the previous year, the company earned $0.40 earnings per share. The company's quarterly revenue was up 47.7% on a year-over-year basis. As a group, equities analysts predict that Amphenol Co. will post 2.36 earnings per share 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 issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is 32.04%.

Insider Transactions at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following 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 trade represents a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the sale, 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. Over the last 90 days, insiders sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. UBS Group reaffirmed a "buy" rating and issued a $85.00 price objective (up from $78.00) on shares of Amphenol in a report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a research report on Thursday, April 24th. Bank of America boosted their price target on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, Citigroup raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amphenol currently has a consensus rating of "Moderate Buy" and an average price target of $81.62.

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.