AIA Group Ltd Acquires 26,864 Shares of Amphenol Co. (NYSE:APH)

AIA Group Ltd grew its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 91.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 56,319 shares of the electronics maker's stock after acquiring an additional 26,864 shares during the period. AIA Group Ltd's holdings in Amphenol were worth $5,583,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC increased its position in Amphenol by 1.3% during the 3rd quarter. FMR LLC now owns 55,500,422 shares of the electronics maker's stock valued at $4,661,480,000 after purchasing an additional 691,964 shares during the period. State Street Corp increased its position in shares of Amphenol by 2.4% during the first quarter. State Street Corp now owns 24,794,281 shares of the electronics maker's stock worth $2,031,342,000 after buying an additional 582,081 shares during the period. JPMorgan Chase & Co. increased its position in shares of Amphenol by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker's stock worth $1,283,360,000 after buying an additional 653,354 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in Amphenol by 95,441.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,868,807 shares of the electronics maker's stock valued at $1,055,971,000 after buying an additional 13,854,291 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Amphenol by 4.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 13,145,093 shares of the electronics maker's stock valued at $1,104,056,000 after acquiring an additional 564,110 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Transactions at Amphenol

In other Amphenol news, insider Peter Straub sold 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amphenol news, insider Peter Straub sold 20,000 shares of the company's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the sale, the chief financial officer now owns 147,045 shares in the company, valued at $15,391,200.15. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 in the last quarter. 2.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on APH shares. The Goldman Sachs Group lifted their price objective on Amphenol from $107.00 to $119.00 and gave the stock a "buy" rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. boosted their price target on Amphenol from $118.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. Citigroup raised their price objective on shares of Amphenol from $117.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, April 4th. Jefferies Financial Group assumed coverage on shares of Amphenol in a research report on Tuesday, April 9th. They set a "hold" rating and a $125.00 target price on the stock. Finally, Robert W. Baird raised their price target on shares of Amphenol from $100.00 to $106.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and a consensus target price of $113.75.

Amphenol Stock Down 0.5 %

Shares of NYSE:APH traded down $0.61 during midday trading on Thursday, hitting $110.88. 2,857,034 shares of the company's stock were exchanged, compared to its average volume of 2,742,213. Amphenol Co. has a 12 month low of $72.00 and a 12 month high of $119.59. The company has a market cap of $66.70 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 3.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. The stock has a 50 day moving average price of $110.77 and a 200-day moving average price of $98.35.

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

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol's dividend payout ratio is 28.30%.

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.