Port Capital LLC grew its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,378,777 shares of the electronics maker's stock after acquiring an additional 6,297 shares during the period. Amphenol comprises about 4.4% of Port Capital LLC's investment portfolio, making the stock its 4th biggest holding. Port Capital LLC owned approximately 0.11% of Amphenol worth $95,756,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Norges Bank bought a new position in Amphenol during the fourth quarter worth $1,378,794,000. Bank of America Corp DE boosted its holdings in shares of Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after buying an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Amphenol by 36.8% during the 4th 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 buying an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP raised its stake in Amphenol by 619.9% during the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after acquiring an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Amphenol by 118.4% in the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after acquiring an additional 3,933,269 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.
Insiders Place Their Bets
In related news, insider Luc Walter sold 390,000 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the sale, the insider now directly owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. This represents a 46.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,178,500 shares of company stock worth $241,903,805. Company insiders own 1.67% of the company's stock.
Analyst Ratings Changes
APH has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. 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 research note on Thursday, April 24th. Citigroup increased their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, UBS Group reaffirmed a "buy" rating and set a $85.00 target price (up previously from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. Five equities research 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's stock. Based on data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and an average price target of $81.62.
Check Out Our Latest Analysis on APH
Amphenol Price Performance
Shares of NYSE:APH traded down $0.61 during trading hours on Monday, hitting $86.27. 8,315,936 shares of the company's stock traded hands, compared to its average volume of 7,526,263. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The company's fifty day simple moving average is $70.41 and its two-hundred day simple moving average is $70.44. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $86.96. The company has a market cap of $104.35 billion, a price-to-earnings ratio of 45.05, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.
Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $4.20 billion. During the same quarter in the previous year, the business posted $0.40 earnings per share. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.
Amphenol Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. Amphenol's dividend payout ratio is currently 32.04%.
About Amphenol
(
Free Report)
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.
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