Bourgeon Capital Management LLC Sells 12,499 Shares of Amphenol Co. (NYSE:APH)

Bourgeon Capital Management LLC decreased its position in Amphenol Co. (NYSE:APH - Free Report) by 36.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,007 shares of the electronics maker's stock after selling 12,499 shares during the period. Bourgeon Capital Management LLC's holdings in Amphenol were worth $2,182,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Peoples Bank KS purchased a new position in Amphenol during the third quarter worth about $27,000. Mendota Financial Group LLC acquired a new stake in Amphenol during the 4th quarter valued at approximately $33,000. Venturi Wealth Management LLC grew its stake in Amphenol by 75.5% during the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker's stock valued at $33,000 after purchasing an additional 142 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in Amphenol during the 1st quarter valued at approximately $33,000. Finally, Altshuler Shaham Ltd acquired a new stake in Amphenol during the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Performance

APH traded down $0.93 on Monday, hitting $112.39. 2,451,555 shares of the stock traded hands, compared to its average volume of 2,725,587. Amphenol Co. has a 52 week low of $72.00 and a 52 week high of $119.59. The firm has a market capitalization of $67.61 billion, a PE ratio of 36.14, a P/E/G ratio of 3.23 and a beta of 1.30. The business has a fifty day moving average price of $110.12 and a two-hundred day moving average price of $97.77. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the company posted $0.78 EPS. The company's revenue was up 2.7% compared to the same quarter last year. On average, research analysts predict that Amphenol Co. will post 3.28 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.78%. Amphenol's dividend payout ratio (DPR) is presently 28.30%.

Analysts Set New Price Targets

APH has been the subject of several research reports. The Goldman Sachs Group lifted their target price on Amphenol from $107.00 to $119.00 and gave the stock a "buy" rating in a research report on Thursday, January 25th. Robert W. Baird lifted their target price on Amphenol from $100.00 to $106.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. Stifel Nicolaus lifted their target price on Amphenol from $88.00 to $95.00 and gave the stock a "hold" rating in a report on Thursday, January 25th. Evercore ISI boosted their target price on Amphenol from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Monday, March 25th. Finally, Citigroup boosted their price target on Amphenol from $117.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $109.33.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the company's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider William J. Doherty sold 170,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Peter Straub sold 20,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock worth $31,846,050 in the last three months. Insiders own 2.22% of the company's stock.

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.