Financiere des Professionnels Fonds d investissement inc. Has $7.61 Million Stock Position in Amphenol Corporation (NYSE:APH)

Financiere des Professionnels Fonds d investissement inc. reduced its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,062 shares of the electronics maker's stock after selling 3,371 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in Amphenol were worth $7,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Amphenol by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after acquiring an additional 2,108,578 shares during the last quarter. FMR LLC lifted its position in Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after acquiring an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after buying an additional 659,560 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after acquiring an additional 18,619,417 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

APH stock traded up $0.84 during mid-day trading on Friday, reaching $99.36. The company had a trading volume of 3,180,786 shares, compared to its average volume of 7,643,084. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $120.19 billion, a P/E ratio of 48.23, a P/E/G ratio of 2.27 and a beta of 1.13. Amphenol Corporation has a one year low of $54.77 and a one year high of $99.71. The stock's 50-day simple moving average is $89.15 and its two-hundred day simple moving average is $75.31.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The firm's revenue was up 47.7% compared to the same quarter last year. During the same period last year, the firm earned $0.40 EPS. Research analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current 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 paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.66%. Amphenol's dividend payout ratio is presently 32.04%.

Analyst Ratings Changes

Several analysts recently issued reports on APH shares. US Capital Advisors set a $85.00 price target on shares of Amphenol in a report on Thursday, April 24th. The Goldman Sachs Group lifted their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Citigroup upped their price target on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, TD Securities upped their price target on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.00.

Insider Activity at Amphenol

In other news, VP Lance E. D'amico sold 175,000 shares of Amphenol stock in a transaction on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the transaction, the vice president directly owned 51,400 shares in the company, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the transaction, the chief executive officer directly owned 2,002,507 shares in the company, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock worth $294,839,785 in the last quarter. Company insiders own 1.67% of the company's stock.

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.