Select Equity Group L.P. Has $51.53 Million Holdings in Amphenol Co. (NYSE:APH)

Select Equity Group L.P. lessened its stake in Amphenol Co. (NYSE:APH - Free Report) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 742,025 shares of the electronics maker's stock after selling 10,810 shares during the period. Select Equity Group L.P. owned 0.06% of Amphenol worth $51,534,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in APH. Norges Bank acquired a new position in Amphenol in the 4th quarter valued at about $1,378,794,000. Bank of America Corp DE increased its position in Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after acquiring an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD increased its position in Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after acquiring an additional 15,837,407 shares during the period. Wellington Management Group LLP increased its position in Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after acquiring an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in 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. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on APH shares. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note 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 research report on Thursday, April 24th. Citigroup lifted their target price on Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and a consensus target price of $81.62.

Insider Activity at Amphenol

In other Amphenol news, VP Lance E. D'amico sold 175,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at approximately $3,920,792. The trade was a 77.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP David M. Silverman sold 87,500 shares of Amphenol 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 transaction, the vice president now owns 12,500 shares in the company, valued at approximately $1,000,375. The trade was a 87.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,178,500 shares of company stock worth $241,903,805 over the last quarter. 1.67% of the stock is currently owned by company insiders.

Amphenol Stock Performance

NYSE APH traded down $0.15 during trading hours on Tuesday, reaching $86.26. The company's stock had a trading volume of 4,421,810 shares, compared to its average volume of 7,519,012. 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 simple moving average of $70.88 and a 200 day simple moving average of $70.57. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $86.96. The stock has a market cap of $104.34 billion, a PE ratio of 45.04, a PEG ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol's revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the company posted $0.40 earnings per share. Equities research analysts predict 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 issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.77%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

About Amphenol

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.