OMERS ADMINISTRATION Corp Trims Holdings in Amphenol Co. (NYSE:APH)

OMERS ADMINISTRATION Corp decreased its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,614 shares of the electronics maker's stock after selling 5,984 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Amphenol were worth $4,835,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Czech National Bank lifted its position in shares of Amphenol by 6.6% during the fourth quarter. Czech National Bank now owns 261,401 shares of the electronics maker's stock worth $18,154,000 after purchasing an additional 16,075 shares in the last quarter. Fragasso Financial Advisors Inc lifted its position in shares of Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock worth $266,000 after purchasing an additional 171 shares in the last quarter. Wedmont Private Capital lifted its position in shares of Amphenol by 6.6% during the fourth quarter. Wedmont Private Capital now owns 23,476 shares of the electronics maker's stock worth $1,648,000 after purchasing an additional 1,446 shares in the last quarter. Cooper Financial Group lifted its position in shares of Amphenol by 19.9% during the fourth quarter. Cooper Financial Group now owns 5,959 shares of the electronics maker's stock worth $414,000 after purchasing an additional 989 shares in the last quarter. Finally, Ayrshire Capital Management LLC lifted its position in shares of Amphenol by 0.8% during the fourth quarter. Ayrshire Capital Management LLC now owns 145,430 shares of the electronics maker's stock worth $10,100,000 after purchasing an additional 1,144 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on APH shares. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Citigroup raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Truist Financial raised their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Robert W. Baird raised their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, The Goldman Sachs Group raised their price objective on shares of Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.62.

Amphenol Price Performance

Amphenol stock traded up $0.92 during midday trading on Friday, reaching $86.89. The company's stock had a trading volume of 7,689,932 shares, compared to its average volume of 7,523,095. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $86.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock's 50 day simple moving average is $70.41 and its 200 day simple moving average is $70.42. The firm has a market capitalization of $105.10 billion, a PE ratio of 45.37, a P/E/G ratio of 1.92 and a beta of 1.10.

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

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insider Activity at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 400,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the transaction, the chief financial officer now owns 100,000 shares in the company, valued at $7,593,000. This represents a 80.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The stock was 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 represents a 49.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is owned by 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.