LMR Partners LLP Purchases 311,497 Shares of Amphenol Co. (NYSE:APH)

LMR Partners LLP increased its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 105.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 606,297 shares of the electronics maker's stock after buying an additional 311,497 shares during the quarter. Amphenol accounts for about 0.4% of LMR Partners LLP's holdings, making the stock its 25th biggest holding. LMR Partners LLP owned approximately 0.05% of Amphenol worth $42,107,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of APH. Vanguard Group Inc. raised its position in shares of Amphenol by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after acquiring an additional 2,108,578 shares during the last quarter. FMR LLC raised its position in shares of 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. Price T Rowe Associates Inc. MD raised its position 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 acquiring an additional 15,837,407 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Amphenol by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after acquiring an additional 659,560 shares during the last quarter. Finally, Bank of America Corp DE grew its stake 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 purchasing an additional 18,619,417 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Insider Transactions at Amphenol

In other news, VP Lance E. D'amico sold 175,000 shares of the business's 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 sale, the vice president now owns 51,400 shares of the company's stock, valued at approximately $3,920,792. The trade was a 77.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William J. Doherty sold 126,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,178,500 shares of company stock worth $241,903,805. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

Shares of NYSE APH traded up $0.92 during mid-day trading on Friday, hitting $86.89. The company had a trading volume of 7,689,932 shares, compared to its average volume of 7,529,053. The company has a market capitalization of $105.10 billion, a price-to-earnings ratio of 45.37, a P/E/G 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 $86.96. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock's 50-day moving average price is $70.41 and its 200-day moving average price is $70.40.

Amphenol (NYSE:APH - Get Free Report) last posted its 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. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. 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 previous year, the business earned $0.40 earnings per share. The firm's revenue was up 47.7% on a year-over-year basis. On average, sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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 issued a $0.165 dividend. 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 currently 32.04%.

Analyst Upgrades and Downgrades

APH has been the subject of several recent analyst reports. Robert W. Baird raised their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group raised their price objective on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Five investment 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.62.

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.