Lighthouse Investment Partners LLC Takes Position in Amphenol Co. (NYSE:APH)

Lighthouse Investment Partners LLC bought a new position in Amphenol Co. (NYSE:APH - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 19,000 shares of the electronics maker's stock, valued at approximately $1,320,000.

A number of other institutional investors also recently bought and sold shares of APH. Norges Bank acquired a new stake in Amphenol in the 4th quarter worth approximately $1,378,794,000. Bank of America Corp DE raised its position in 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 buying an additional 18,619,417 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Amphenol by 36.8% during the 4th 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 raised its position in Amphenol by 619.9% during the 4th 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 raised its position in Amphenol by 118.4% during the 4th 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 and hedge funds.

Amphenol Price Performance

NYSE APH traded up $0.92 on Friday, hitting $86.89. The company had a trading volume of 7,689,932 shares, compared to its average volume of 7,523,095. The company has a market capitalization of $105.10 billion, a PE ratio of 45.37, a PEG ratio of 1.92 and a beta of 1.10. The company's fifty day moving average price is $70.41 and its 200-day moving average price is $70.42. 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 Co. has a 12-month low of $54.77 and a 12-month high of $86.96.

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 the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion during 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%. The firm's revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. As a group, analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is 32.04%.

Wall Street Analyst Weigh In

APH has been the subject of a number of recent research reports. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. UBS Group reissued a "buy" rating and set a $85.00 price target (up from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Citigroup lifted their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.62.

Insider Transactions at Amphenol

In other news, insider William J. Doherty sold 126,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Silverman sold 87,500 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the sale, the vice president now directly owns 12,500 shares of the company's stock, valued at $1,000,375. The trade was a 87.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock valued at $241,903,805 over the last 90 days. 1.67% of the stock is currently owned by corporate insiders.

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.