Amphenol Co. (NYSE:APH) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. lowered its stake in Amphenol Co. (NYSE:APH - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,477 shares of the electronics maker's stock after selling 39,233 shares during the period. Amphenol makes up approximately 1.5% of Logan Capital Management Inc.'s investment portfolio, making the stock its 9th biggest position. Logan Capital Management Inc.'s holdings in Amphenol were worth $36,772,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Tacita Capital Inc grew its holdings in Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Amphenol during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol in the fourth quarter worth approximately $28,000. Rakuten Securities Inc. lifted its stake in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after acquiring an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in Amphenol during the 4th quarter valued at $32,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Robert W. Baird increased 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 target on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. Bank of America upped their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Finally, TD Securities lifted their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.62.

Amphenol Stock Up 0.2%

Shares of APH stock traded up $0.19 during mid-day trading on Thursday, hitting $85.82. 5,957,716 shares of the stock traded hands, compared to its average volume of 7,530,553. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $86.80. The stock has a market cap of $103.81 billion, a P/E ratio of 44.81, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock's fifty day moving average is $69.43 and its two-hundred day moving average is $70.16.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders 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 yield of 0.77%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the sale, the chief financial officer now owns 100,000 shares of the company's stock, valued at $7,593,000. The trade was a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,178,500 shares of company stock valued at $241,903,805. 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.