Kayne Anderson Rudnick Investment Management LLC Sells 96,211 Shares of Amphenol Co. (NYSE:APH)

Kayne Anderson Rudnick Investment Management LLC reduced its position in Amphenol Co. (NYSE:APH - Free Report) by 3.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,897,512 shares of the electronics maker's stock after selling 96,211 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 0.24% of Amphenol worth $201,232,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. LaFleur & Godfrey LLC lifted its position in Amphenol by 1.5% during the 4th quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock worth $3,945,000 after acquiring an additional 825 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Amphenol by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 292,194 shares of the electronics maker's stock worth $20,293,000 after buying an additional 4,956 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after acquiring an additional 9,390 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in Amphenol by 2.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 7,592 shares of the electronics maker's stock worth $527,000 after purchasing an additional 200 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Amphenol by 68.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 54,965 shares of the electronics maker's stock worth $3,817,000 after buying an additional 22,386 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on APH shares. Citigroup lifted their target price on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. 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. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Thursday, April 24th. Finally, UBS Group increased their price objective on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $84.38.

Insider Buying and Selling

In other Amphenol news, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the sale, the chief financial officer now owns 100,000 shares of the company's stock, valued at approximately $7,593,000. The trade was a 80.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction 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 sale, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock valued at $241,903,805 over the last ninety days. Company insiders own 1.67% of the company's stock.

Amphenol Trading Down 0.1%

Shares of NYSE:APH traded down $0.09 during midday trading on Friday, reaching $88.83. The company's stock had a trading volume of 3,146,517 shares, compared to its average volume of 7,455,705. 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 fifty-two week low of $54.77 and a fifty-two week high of $90.13. The firm has a 50 day moving average price of $74.31 and a two-hundred day moving average price of $71.41. The firm has a market capitalization of $107.45 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 1.92 and a beta of 1.10.

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

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is presently 32.04%.

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.