USS Investment Management Ltd Purchases 208,507 Shares of Amphenol Co. (NYSE:APH)

USS Investment Management Ltd grew its position in Amphenol Co. (NYSE:APH - Free Report) by 582.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 244,307 shares of the electronics maker's stock after purchasing an additional 208,507 shares during the period. USS Investment Management Ltd's holdings in Amphenol were worth $16,978,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in APH. Tacita Capital Inc increased its stake in Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol in the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. increased its position in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in Amphenol during the fourth quarter worth $32,000. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 126,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total value of $10,115,280.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Lance E. D'amico sold 175,000 shares of the business's 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 $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 sold 3,178,500 shares of company stock valued at $241,903,805 in the last quarter. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

Shares of APH stock traded up $0.38 during trading on Monday, reaching $85.64. 4,476,000 shares of the company's stock traded hands, compared to its average volume of 7,496,367. The firm's 50-day moving average is $72.69 and its 200 day moving average is $70.98. The company has a market capitalization of $103.59 billion, a P/E ratio of 44.72, a PEG ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $87.22. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last issued 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. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. Equities research analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.77%. Amphenol's dividend payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

APH has been the subject of a number of recent analyst reports. US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. TD Securities increased their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. The Goldman Sachs Group raised their price objective on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" 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 target price on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $81.62.

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.