Point72 Asset Management L.P. Sells 1,060,182 Shares of Amphenol Co. (NYSE:APH)

Point72 Asset Management L.P. lowered its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 48.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,150,490 shares of the electronics maker's stock after selling 1,060,182 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.10% of Amphenol worth $79,902,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Point72 Hong Kong Ltd raised its position in shares of Amphenol by 27.7% in the 4th quarter. Point72 Hong Kong Ltd now owns 232,279 shares of the electronics maker's stock valued at $16,132,000 after acquiring an additional 50,365 shares during the period. Polar Asset Management Partners Inc. raised its position in shares of Amphenol by 86.7% in the 4th quarter. Polar Asset Management Partners Inc. now owns 352,752 shares of the electronics maker's stock valued at $24,499,000 after acquiring an additional 163,764 shares during the period. Polar Capital Holdings Plc raised its position in shares of Amphenol by 23.4% in the 4th quarter. Polar Capital Holdings Plc now owns 2,991,081 shares of the electronics maker's stock valued at $207,731,000 after acquiring an additional 567,826 shares during the period. Port Capital LLC raised its position in shares of Amphenol by 0.5% in the 4th quarter. Port Capital LLC now owns 1,378,777 shares of the electronics maker's stock valued at $95,756,000 after acquiring an additional 6,297 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of Amphenol by 5.5% in the 4th quarter. ProShare Advisors LLC now owns 378,107 shares of the electronics maker's stock valued at $26,260,000 after acquiring an additional 19,724 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

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

Amphenol Trading Up 1.1%

APH stock traded up $0.92 during trading on Friday, reaching $86.89. The company had a trading volume of 7,689,932 shares, compared to its average volume of 7,523,095. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $86.96. The company has a market cap of $105.10 billion, a P/E ratio of 45.37, a PEG ratio of 1.92 and a beta of 1.10. The business has a 50 day moving average of $70.41 and a 200 day moving average of $70.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

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 analysts' consensus estimates of $0.52 by $0.11. The business 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%. The business's revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm 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 is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Insider Transactions at Amphenol

In other Amphenol news, VP David M. Silverman sold 87,500 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 12,500 shares in the company, valued at $1,000,375. The trade was a 87.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Luc Walter sold 390,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the transaction, the insider now owns 447,790 shares of the company's stock, valued at $33,991,738.90. This trade represents a 46.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,178,500 shares of company stock worth $241,903,805 in the last 90 days. 1.67% of the stock is currently 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.