Amphenol Co. (NYSE:APH) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 230,617 shares of the electronics maker's stock after buying an additional 30,200 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Amphenol were worth $16,016,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock worth $1,765,000 after purchasing an additional 18,322 shares during the period. Spire Wealth Management lifted its position in Amphenol by 34.1% during the 4th quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock worth $6,836,000 after acquiring an additional 25,007 shares in the last quarter. Consolidated Planning Corp lifted 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 in the last quarter. Raiffeisen Bank International AG acquired a new position in Amphenol during the 4th quarter worth approximately $13,847,000. Finally, Kanawha Capital Management LLC lifted its position in Amphenol by 4.5% during the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock worth $10,547,000 after acquiring an additional 6,481 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

Shares of NYSE APH traded up $0.38 during trading on Friday, reaching $85.64. The stock had a trading volume of 4,476,000 shares, compared to its average volume of 7,496,367. 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. The stock has a market cap of $103.59 billion, a PE ratio of 44.72, a P/E/G ratio of 1.92 and a beta of 1.10. The firm's 50 day moving average price is $72.69 and its two-hundred day moving average price is $71.00.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the business earned $0.40 EPS. The business's quarterly revenue was up 47.7% on a year-over-year basis. On average, research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date 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%.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 126,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $76.28, for a total value 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 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 90 days. 1.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on APH. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research report on Thursday, April 24th. Citigroup lifted 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. JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. TD Securities lifted their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, Robert W. Baird lifted their price objective on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and a consensus price target of $81.62.

Amphenol Company 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.