Amphenol Co. (NYSE:APH) is Fenimore Asset Management Inc's 9th Largest Position

Fenimore Asset Management Inc lowered its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 0.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,296,616 shares of the electronics maker's stock after selling 7,869 shares during the quarter. Amphenol comprises 3.2% of Fenimore Asset Management Inc's portfolio, making the stock its 9th largest position. Fenimore Asset Management Inc owned approximately 0.19% of Amphenol worth $150,635,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APH. Norges Bank acquired a new stake in shares of Amphenol during the 4th quarter valued at approximately $1,378,794,000. Bank of America Corp DE lifted its position in shares of Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after buying an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after buying an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after acquiring an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Amphenol by 118.4% in the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after acquiring an additional 3,933,269 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

Shares of NYSE APH traded up $0.51 during mid-day trading on Wednesday, reaching $93.00. 7,601,462 shares of the company traded hands, compared to its average volume of 7,508,358. The firm has a market cap of $112.49 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $94.11. The stock has a fifty day simple moving average of $79.00 and a 200-day simple moving average of $72.66.

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 (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same period last year, the firm earned $0.40 EPS. The firm's revenue for the quarter was up 47.7% on a year-over-year basis. Equities research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Insider Buying and Selling

In other news, VP David M. Silverman sold 87,500 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total value of $7,002,625.00. Following the completion of the sale, the vice president now owns 12,500 shares of the company's stock, valued at $1,000,375. This trade represents a 87.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at $3,920,792. The trade was a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,764,500 shares of company stock worth $294,839,785. Corporate insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of research reports. US Capital Advisors set a $85.00 price target on Amphenol in a research report on Thursday, April 24th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Citigroup upped their price target on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. Finally, Robert W. Baird boosted their target price on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note 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, the company currently has an average rating of "Moderate Buy" and an average price target of $88.00.

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.