Two Sigma Investments LP Sells 1,997,206 Shares of Amphenol Co. (NYSE:APH)

Two Sigma Investments LP cut its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 82.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 413,108 shares of the electronics maker's stock after selling 1,997,206 shares during the period. Two Sigma Investments LP's holdings in Amphenol were worth $28,690,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. TrinityPoint Wealth LLC lifted its holdings in Amphenol by 100.4% in the fourth quarter. TrinityPoint Wealth LLC now owns 21,478 shares of the electronics maker's stock worth $1,492,000 after acquiring an additional 10,759 shares during the last quarter. Strategic Global Advisors LLC grew its position in Amphenol by 4.1% during the 4th quarter. Strategic Global Advisors LLC now owns 115,804 shares of the electronics maker's stock worth $8,043,000 after purchasing an additional 4,587 shares in the last quarter. Tema Etfs LLC purchased a new position in shares of Amphenol during the 4th quarter valued at $401,000. Toronto Dominion Bank boosted its holdings in Amphenol by 1.8% in the fourth quarter. Toronto Dominion Bank now owns 694,219 shares of the electronics maker's stock worth $48,211,000 after purchasing an additional 12,131 shares in the last quarter. Finally, Shell Asset Management Co. lifted its position in Amphenol by 85.9% during the 4th quarter. Shell Asset Management Co. now owns 153,332 shares of the electronics maker's stock worth $10,649,000 after acquiring an additional 70,869 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Luc Walter sold 390,000 shares of the firm'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 completion of the sale, the insider now owns 447,790 shares in the company, valued at approximately $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock valued at $241,903,805 over the last ninety days. 1.67% of the stock is owned by corporate insiders.

Amphenol Price Performance

APH stock traded up $2.41 during trading on Tuesday, reaching $87.96. 1,695,118 shares of the company were exchanged, compared to its average volume of 8,229,142. The company has a 50-day moving average of $73.05 and a two-hundred day moving average of $71.06. The company has a market capitalization of $106.40 billion, a price-to-earnings ratio of 45.93, a P/E/G 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 $88.24. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same period in the prior year, the company earned $0.40 EPS. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. As a group, equities analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on APH. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. Citigroup increased their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted 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. TD Securities lifted their price objective 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. Finally, UBS Group reaffirmed a "buy" rating and set a $85.00 target price (up previously from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.62.

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.