Siemens Fonds Invest GmbH Sells 65,424 Shares of Amphenol Co. (NYSE:APH)

Siemens Fonds Invest GmbH reduced its position in Amphenol Co. (NYSE:APH - Free Report) by 95.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,910 shares of the electronics maker's stock after selling 65,424 shares during the period. Siemens Fonds Invest GmbH's holdings in Amphenol were worth $202,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Princeton Global Asset Management LLC boosted its holdings in shares of Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock worth $1,634,000 after buying an additional 136 shares during the period. WASHINGTON TRUST Co increased its stake in shares of Amphenol by 23.0% during the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock worth $55,000 after purchasing an additional 147 shares during the period. MJP Associates Inc. ADV lifted its holdings in Amphenol by 2.3% during the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock worth $509,000 after purchasing an additional 166 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Amphenol by 3.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock valued at $381,000 after purchasing an additional 173 shares during the period. Finally, Robertson Stephens Wealth Management LLC grew its holdings in Amphenol by 3.5% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock valued at $363,000 after buying an additional 177 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 286,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider now directly owns 451,790 shares in the company, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business'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 directly owns 2,002,507 shares of the company's stock, valued at $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. In the last 90 days, insiders sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by insiders.

Amphenol Trading Up 0.5%

Shares of Amphenol stock traded up $0.49 on Wednesday, hitting $92.17. The stock had a trading volume of 2,044,966 shares, compared to its average volume of 7,461,332. The stock has a 50 day moving average of $75.64 and a 200 day moving average of $71.79. The firm has a market capitalization of $111.49 billion, a P/E ratio of 48.13, a PEG ratio of 1.92 and a beta of 1.10. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $92.87. 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 (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates 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%. Amphenol's revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. Sell-side analysts expect that Amphenol Co. will post 2.36 earnings per share 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 paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on APH shares. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research 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 report on Friday, May 30th. The Goldman Sachs Group upped their price target on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Citigroup raised their price objective on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, May 27th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and an average target price of $84.38.

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.