Central Pacific Bank Trust Division Trims Stock Position in Amphenol Co. (NYSE:APH)

Central Pacific Bank Trust Division decreased its position in Amphenol Co. (NYSE:APH - Free Report) by 12.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,323 shares of the electronics maker's stock after selling 5,767 shares during the period. Central Pacific Bank Trust Division's holdings in Amphenol were worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APH. MassMutual Private Wealth & Trust FSB raised its stake in shares of Amphenol by 24.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 9,267 shares of the electronics maker's stock worth $608,000 after purchasing an additional 1,797 shares during the last quarter. 111 Capital acquired a new position in Amphenol in the 4th quarter worth approximately $2,102,000. NorthCrest Asset Manangement LLC raised its position in Amphenol by 0.7% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 276,047 shares of the electronics maker's stock worth $19,171,000 after buying an additional 1,932 shares during the last quarter. TFR Capital LLC. acquired a new stake in Amphenol during the 4th quarter valued at approximately $218,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Amphenol in the 4th quarter valued at $100,687,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

Amphenol stock traded up $0.85 during trading on Friday, reaching $89.77. The company had a trading volume of 21,458,563 shares, compared to its average volume of 7,493,509. The firm has a market capitalization of $108.59 billion, a PE ratio of 46.88, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The firm's 50-day simple moving average is $74.71 and its 200 day simple moving average is $71.52. 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 Co. has a 1-year low of $54.77 and a 1-year high of $89.98.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the previous year, the company earned $0.40 earnings per share. The company's quarterly revenue was up 47.7% on a year-over-year basis. As a group, equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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 $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.74%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APH. UBS Group raised their target price on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. TD Securities lifted their price objective on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Fox Advisors upgraded 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, Citigroup raised their target price on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $84.38.

Insider Buying and Selling at Amphenol

In other news, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,920,792. This represents a 77.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,218,500 shares of company stock worth $245,455,405. Corporate insiders own 1.67% of the company's stock.

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.