Amphenol Co. (NYSE:APH) Position Increased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 108.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,564,252 shares of the electronics maker's stock after purchasing an additional 2,900,024 shares during the period. Mackenzie Financial Corp owned about 0.46% of Amphenol worth $386,437,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in APH. Tacita Capital Inc grew its stake in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new position in Amphenol in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new stake in Amphenol during the 4th quarter valued at approximately $28,000. Rakuten Securities Inc. increased its holdings in Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after purchasing an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in Amphenol during the 4th quarter worth approximately $32,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction dated 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 owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the sale, the chief financial officer now directly owns 100,000 shares of the company's stock, valued at $7,593,000. The trade was a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock valued at $241,903,805 over the last 90 days. 1.67% of the stock is currently owned by company insiders.

Amphenol Stock Performance

Shares of APH traded up $2.73 during midday trading on Tuesday, hitting $88.28. 7,492,159 shares of the stock traded hands, compared to its average volume of 7,496,350. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $88.54. The firm has a market capitalization of $106.78 billion, a PE ratio of 46.10, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. 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 business's 50 day moving average price is $73.05 and its two-hundred day moving average price is $71.06.

Amphenol (NYSE:APH - Get Free Report) last announced 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 net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company's revenue for the quarter was up 47.7% compared to the same quarter last year. Equities research analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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 issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is currently 32.04%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group reiterated a "buy" rating and set a $85.00 target price (up from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Citigroup boosted their target price on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Finally, Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.77.

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.