Mackenzie Financial Corp Grows Position in Amphenol Co. (NYSE:APH)

Mackenzie Financial Corp boosted its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 108.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,564,252 shares of the electronics maker's stock after purchasing an additional 2,900,024 shares during the quarter. Mackenzie Financial Corp owned approximately 0.46% of Amphenol worth $386,437,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker's stock valued at $1,765,000 after purchasing an additional 18,322 shares during the last quarter. Spire Wealth Management increased its holdings in Amphenol by 34.1% in the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker's stock valued at $6,836,000 after buying an additional 25,007 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Amphenol in the fourth quarter valued at $13,847,000. Consolidated Planning Corp increased its holdings in Amphenol by 37.0% in the fourth quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker's stock valued at $1,192,000 after buying an additional 4,631 shares during the last quarter. Finally, Kanawha Capital Management LLC increased its holdings in Amphenol by 4.5% in the fourth quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker's stock valued at $10,547,000 after buying an additional 6,481 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

Shares of Amphenol stock traded down $0.22 during trading on Wednesday, reaching $88.11. The company's stock had a trading volume of 6,107,429 shares, compared to its average volume of 7,490,818. The company has a market capitalization of $106.58 billion, a P/E ratio of 46.01, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $89.73. The business has a 50 day moving average price of $73.49 and a 200-day moving average price of $71.18. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business's revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. As a group, sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders 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 dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is 32.04%.

Insiders Place Their Bets

In related news, insider William J. Doherty sold 126,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total value of $10,115,280.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David M. Silverman sold 87,500 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were 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 directly owns 12,500 shares in the company, valued at approximately $1,000,375. The trade was a 87.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,178,500 shares of company stock worth $241,903,805. 1.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on APH shares. The Goldman Sachs Group increased their price objective on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Robert W. Baird increased their price target 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. JPMorgan Chase & Co. increased their price target 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. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research report on Thursday, April 24th. Finally, TD Securities increased their target price on shares of 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 eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.