London Co. of Virginia Has $220.82 Million Holdings in Amphenol Co. (NYSE:APH)

London Co. of Virginia lowered its holdings in Amphenol Co. (NYSE:APH - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,179,547 shares of the electronics maker's stock after selling 18,739 shares during the quarter. London Co. of Virginia owned 0.26% of Amphenol worth $220,820,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC acquired a new stake in Amphenol in the 4th quarter valued at $1,320,000. Janus Henderson Group PLC boosted its stake in shares of Amphenol by 118.4% in the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after purchasing an additional 3,933,269 shares in the last quarter. Jefferies Financial Group Inc. boosted its stake in shares of Amphenol by 14.4% in the 4th quarter. Jefferies Financial Group Inc. now owns 17,936 shares of the electronics maker's stock valued at $1,246,000 after purchasing an additional 2,260 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of Amphenol by 5.2% in the 4th quarter. Focus Partners Wealth now owns 133,461 shares of the electronics maker's stock worth $9,279,000 after purchasing an additional 6,573 shares during the last quarter. Finally, Fosun International Ltd acquired a new stake in shares of Amphenol during the 4th quarter worth about $653,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Bank of America upped their price objective 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. The Goldman Sachs Group increased their price target on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a research report on Thursday, April 24th. Robert W. Baird increased their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, TD Securities raised their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $81.62.

Amphenol Trading Up 0.2%

Shares of APH traded up $0.19 on Thursday, reaching $85.82. 5,957,716 shares of the company's stock were exchanged, compared to its average volume of 7,529,491. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $86.80. The stock has a market capitalization of $103.81 billion, a P/E ratio of 44.81, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. 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 business has a 50 day moving average price of $69.43 and a two-hundred day moving average price of $70.16.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the company posted $0.40 EPS. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. Research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Insider Buying and Selling

In other news, VP David M. Silverman sold 87,500 shares of the firm's stock in a transaction dated 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 owns 12,500 shares of the company's stock, valued at $1,000,375. This trade represents a 87.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction that occurred 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 $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is owned by company insiders.

Amphenol 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.