Amphenol Co. (NYSE:APH) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC lowered its stake in Amphenol Co. (NYSE:APH - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 560,098 shares of the electronics maker's stock after selling 34,864 shares during the quarter. Frontier Capital Management Co. LLC's holdings in Amphenol were worth $38,899,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of APH. Norges Bank acquired a new stake in shares of Amphenol during the fourth quarter valued at $1,378,794,000. Bank of America Corp DE boosted its stake in shares of Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 in the last quarter. Wellington Management Group LLP raised its position in shares of Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after buying an additional 6,039,845 shares during the last quarter. Finally, FMR LLC boosted its position in Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after acquiring an additional 2,643,752 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on APH. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a research report on Thursday, April 24th. TD Securities lifted their price target on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. UBS Group reiterated a "buy" rating and set a $85.00 price objective (up from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Finally, The Goldman Sachs Group raised their target price on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $81.62.

Insider Buying and Selling at Amphenol

In related news, VP Lance E. D'amico sold 175,000 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the transaction, the vice president now owns 51,400 shares of the company's stock, valued at approximately $3,920,792. This represents a 77.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David M. Silverman sold 87,500 shares of Amphenol stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total value of $7,002,625.00. Following the sale, the vice president now owns 12,500 shares in the company, valued at $1,000,375. This represents a 87.50 % decrease in their ownership of the stock. 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 ninety days. Insiders own 1.67% of the company's stock.

Amphenol Stock Up 0.2 %

NYSE:APH traded up $0.20 during mid-day trading on Friday, hitting $80.78. The company had a trading volume of 6,917,887 shares, compared to its average volume of 7,508,345. The business has a fifty day simple moving average of $68.09 and a 200-day simple moving average of $69.84. The firm has a market capitalization of $97.71 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $81.82. 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 (NYSE:APH - Get Free Report) last announced its 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 return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the business posted $0.40 EPS. The company's revenue was up 47.7% on a year-over-year basis. Equities analysts forecast 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. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. Amphenol's dividend payout ratio is currently 32.04%.

About Amphenol

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.