Amphenol Co. (NYSE:APH) Stake Lessened by iSAM Funds UK Ltd

iSAM Funds UK Ltd cut its stake in Amphenol Co. (NYSE:APH - Free Report) by 50.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,565 shares of the electronics maker's stock after selling 6,589 shares during the period. iSAM Funds UK Ltd's holdings in Amphenol were worth $456,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Amphenol in the 4th quarter valued at about $450,000. Ritholtz Wealth Management lifted its holdings in Amphenol by 25.5% during 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 last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of Amphenol in the 4th quarter worth approximately $217,000. Merit Financial Group LLC increased its holdings in shares of Amphenol by 136.3% in 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Amphenol by 30.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 7,470 shares of the electronics maker's stock valued at $519,000 after acquiring an additional 1,741 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

APH stock opened at $86.26 on Wednesday. The company has a market capitalization of $104.34 billion, a P/E ratio of 45.04, a PEG ratio of 1.92 and a beta of 1.10. The company has a 50-day simple moving average of $71.37 and a 200 day simple moving average of $70.68. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $86.96. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share 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 business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company's quarterly revenue was up 47.7% compared to the same quarter last year. Sell-side analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction dated 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 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 represents a 77.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the sale, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at $7,593,000. This represents a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on APH shares. The Goldman Sachs Group lifted 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. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. UBS Group reiterated a "buy" rating and set a $85.00 price objective (up previously from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. Citigroup lifted their target price on Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.62.

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.

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