Toronto Dominion Bank Increases Stock Holdings in Amphenol Co. (NYSE:APH)

Toronto Dominion Bank boosted its position in Amphenol Co. (NYSE:APH - Free Report) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 694,219 shares of the electronics maker's stock after buying an additional 12,131 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of Amphenol worth $48,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. bought a new position in Amphenol during the fourth quarter worth about $450,000. Ritholtz Wealth Management boosted its holdings in Amphenol by 25.5% in the 4th quarter. Ritholtz Wealth Management now owns 8,061 shares of the electronics maker's stock worth $560,000 after buying an additional 1,639 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in Amphenol in the 4th quarter valued at approximately $217,000. Relyea Zuckerberg Hanson LLC purchased a new position in Amphenol in the 4th quarter valued at approximately $215,000. Finally, Merit Financial Group LLC raised its holdings in Amphenol by 136.3% during the 4th quarter. Merit Financial Group LLC now owns 14,077 shares of the electronics maker's stock valued at $978,000 after acquiring an additional 8,121 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Lance E. D'amico sold 175,000 shares of the 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David M. Silverman sold 87,500 shares of Amphenol stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the completion of the transaction, the vice president now owns 12,500 shares in the company, valued at approximately $1,000,375. The trade was a 87.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock worth $241,903,805 in the last quarter. 1.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price target on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. TD Securities lifted their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Robert W. Baird upped their target price on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and a consensus price target of $81.62.

Amphenol Price Performance

Amphenol stock traded down $0.59 during mid-day trading on Wednesday, hitting $85.70. 6,506,891 shares of the company traded hands, compared to its average volume of 7,520,486. The stock has a fifty day moving average price of $71.37 and a 200-day moving average price of $70.68. The stock has a market cap of $103.66 billion, a price-to-earnings ratio of 44.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Amphenol Co. has a one year low of $54.77 and a one year high of $87.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH - Get Free Report) last announced its 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 company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the business earned $0.40 earnings per share. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. On average, equities analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal 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 issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.77%. Amphenol's dividend payout ratio is 32.04%.

Amphenol 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.