Sunbeam Capital Management LLC Purchases New Position in Amphenol Co. (NYSE:APH)

Sunbeam Capital Management LLC purchased a new stake in Amphenol Co. (NYSE:APH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,058 shares of the electronics maker's stock, valued at approximately $212,000.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Amphenol in the fourth quarter valued at about $1,378,794,000. Bank of America Corp DE increased its position in Amphenol by 294.0% during the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after buying an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after buying an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP increased its position in Amphenol by 619.9% during the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after buying an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after buying an additional 3,933,269 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amphenol

In other 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 transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the transaction, the insider now owns 447,790 shares in the company, valued at $33,991,738.90. This represents a 46.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,178,500 shares of company stock valued at $241,903,805 in the last three months. Company insiders own 1.67% of the company's stock.

Amphenol Stock Down 0.2%

NYSE APH traded down $0.14 during trading hours on Friday, hitting $88.78. The company's stock had a trading volume of 3,178,920 shares, compared to its average volume of 7,456,019. The company's 50-day simple moving average is $74.31 and its two-hundred day simple moving average is $71.41. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $90.13. The company has a market capitalization of $107.39 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 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 firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the firm earned $0.40 EPS. The business's quarterly revenue was up 47.7% compared to the same quarter last year. Research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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

Analyst Ratings Changes

APH has been the subject of a number of research analyst reports. US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. TD Securities boosted their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Citigroup boosted their price target on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday. Robert W. Baird boosted their price target on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group boosted their price target on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.38.

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.