The Manufacturers Life Insurance Company Reduces Holdings in Amphenol Co. (NYSE:APH)

The Manufacturers Life Insurance Company lowered its holdings in Amphenol Co. (NYSE:APH - Free Report) by 26.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,428,038 shares of the electronics maker's stock after selling 504,121 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.12% of Amphenol worth $99,177,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Princeton Global Asset Management LLC boosted its position in Amphenol by 0.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock valued at $1,634,000 after buying an additional 136 shares in the last quarter. WASHINGTON TRUST Co increased its holdings in shares of Amphenol by 23.0% during the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after acquiring an additional 147 shares in the last quarter. Fragasso Financial Advisors Inc raised its stake in shares of Amphenol by 4.7% in 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 during the last quarter. Newbridge Financial Services Group Inc. boosted its holdings in Amphenol by 3.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock worth $381,000 after purchasing an additional 173 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its stake in Amphenol by 3.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock valued at $363,000 after purchasing an additional 177 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Trading Up 2.7 %

Shares of NYSE:APH traded up $2.13 during mid-day trading on Friday, reaching $80.76. 7,706,737 shares of the company were exchanged, compared to its average volume of 7,467,861. The firm has a market cap of $97.86 billion, a price-to-earnings ratio of 42.17, a P/E/G ratio of 1.92 and a beta of 1.17. 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 Co. has a 1 year low of $54.77 and a 1 year high of $81.14. The firm's 50-day simple moving average is $66.22 and its 200 day simple moving average is $69.27.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly 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 the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. Equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

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 0.82%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on APH. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. TD Securities boosted their target price on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday. Truist Financial boosted their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their target price on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, UBS Group reissued a "buy" rating and set a $85.00 price objective (up from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. Five 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 company. Based on data from MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and a consensus price target of $81.62.

Insider Activity at Amphenol

In other news, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction 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 directly owns 100,000 shares of the company's stock, valued at $7,593,000. The trade was a 80.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares of the company's stock, valued at $3,920,792. The trade was a 77.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,965,000 shares of company stock valued at $224,785,900. Insiders own 1.67% of the company's stock.

Amphenol Company 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.