Caisse DE Depot ET Placement DU Quebec Has $155.67 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 2,361.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,241,435 shares of the electronics maker's stock after acquiring an additional 2,150,384 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.19% of Amphenol worth $155,668,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. raised its holdings in shares of Amphenol by 208.8% during the fourth 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 raised 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 valued at $6,836,000 after buying an additional 25,007 shares during the period. Consolidated Planning Corp boosted its position in Amphenol by 37.0% during the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock worth $1,192,000 after acquiring an additional 4,631 shares during the period. Pines Wealth Management LLC acquired a new position in shares of Amphenol in the 4th quarter valued at about $553,000. Finally, Kanawha Capital Management LLC grew its position in Amphenol by 4.5% during 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 in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on APH. Bank of America upped their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased their price target on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on Amphenol in a research report on Thursday, April 24th. Citigroup lifted their price target on Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.62.

Insider Activity

In other Amphenol 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 transaction of $29,604,900.00. Following the completion of the transaction, the insider now owns 447,790 shares in the company, valued at approximately $33,991,738.90. This represents a 46.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the sale, the chief financial officer now owns 100,000 shares in the company, valued at approximately $7,593,000. This trade represents a 80.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,965,000 shares of company stock valued at $224,785,900 in the last quarter. Company insiders own 1.67% of the company's stock.

Amphenol Trading Down 0.8 %

Shares of NYSE APH traded down $0.62 during midday trading on Tuesday, hitting $79.55. The stock had a trading volume of 2,677,255 shares, compared to its average volume of 8,463,586. 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 Co. has a fifty-two week low of $54.77 and a fifty-two week high of $81.00. The firm has a market cap of $96.22 billion, a P/E ratio of 41.54, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company's 50-day simple moving average is $66.82 and its 200 day simple moving average is $69.49.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion for 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 company's revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. Research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is 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.