Mountain Pacific Investment Advisers LLC reduced its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 1.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,082,390 shares of the electronics maker's stock after selling 17,417 shares during the quarter. Amphenol makes up about 5.3% of Mountain Pacific Investment Advisers LLC's holdings, making the stock its 2nd biggest holding. Mountain Pacific Investment Advisers LLC owned about 0.09% of Amphenol worth $70,994,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in APH. WASHINGTON TRUST Co raised its position in shares of Amphenol by 23.0% during the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after purchasing an additional 147 shares during the period. MJP Associates Inc. ADV increased its stake in Amphenol by 2.3% in the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock worth $509,000 after buying an additional 166 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in Amphenol by 34.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 763 shares of the electronics maker's stock worth $53,000 after buying an additional 196 shares in the last quarter. Beverly Hills Private Wealth LLC raised its holdings in Amphenol by 1.4% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker's stock valued at $1,045,000 after acquiring an additional 203 shares during the period. Finally, Key Financial Inc lifted its position in shares of Amphenol by 17.5% in the fourth quarter. Key Financial Inc now owns 1,398 shares of the electronics maker's stock valued at $97,000 after acquiring an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. TD Securities lifted their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. UBS Group raised their target price on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, Evercore ISI lifted their price target on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $88.00.
Read Our Latest Analysis on APH
Amphenol Stock Performance
Amphenol stock opened at $92.38 on Monday. The company's 50-day moving average price is $80.32 and its 200-day moving average price is $72.94. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a market cap of $111.75 billion, a PE ratio of 48.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $94.83.
Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share 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 analysts' expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm's revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. On average, equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.
Amphenol Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. Amphenol's dividend payout ratio is presently 32.04%.
Insiders Place Their Bets
In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm'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 trade represents a 49.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction that occurred 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 approximately $3,920,792. This represents a 77.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 over the last three months. 1.67% of the stock is owned by company insiders.
About Amphenol
(
Free Report)
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.
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