Amphenol Co. (NYSE:APH) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its stake in shares of Amphenol Co. (NYSE:APH) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 928,286 shares of the electronics maker’s stock after selling 36,617 shares during the period. New York State Common Retirement Fund owned 0.16% of Amphenol worth $92,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of APH. CWM LLC raised its position in shares of Amphenol by 3.3% during the 3rd quarter. CWM LLC now owns 13,488 shares of the electronics maker’s stock worth $1,133,000 after purchasing an additional 427 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Amphenol by 29.0% during the 3rd quarter. HB Wealth Management LLC now owns 7,773 shares of the electronics maker’s stock worth $653,000 after purchasing an additional 1,746 shares during the last quarter. Baker Chad R raised its position in shares of Amphenol by 0.8% during the 3rd quarter. Baker Chad R now owns 115,370 shares of the electronics maker’s stock worth $9,690,000 after purchasing an additional 950 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of Amphenol by 1,970.0% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 828 shares of the electronics maker’s stock worth $70,000 after purchasing an additional 788 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its position in shares of Amphenol by 1.9% during the 3rd quarter. GHP Investment Advisors Inc. now owns 50,827 shares of the electronics maker’s stock worth $4,163,000 after purchasing an additional 951 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity

In related news, VP Lance E. D’amico sold 15,000 shares of Amphenol stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Lance E. D’amico sold 15,000 shares of Amphenol stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares in the company, valued at $2,692,075. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Stock Up 1.7 %

Shares of APH traded up $1.91 during midday trading on Tuesday, reaching $113.77. The stock had a trading volume of 1,665,788 shares, compared to its average volume of 2,744,934. Amphenol Co. has a 1-year low of $72.00 and a 1-year high of $119.59. The company’s fifty day simple moving average is $111.01 and its two-hundred day simple moving average is $98.97. The company has a market cap of $68.44 billion, a price-to-earnings ratio of 36.60, a PEG ratio of 2.95 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.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the business earned $0.78 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Equities research analysts expect that Amphenol Co. will post 3.28 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.77%. Amphenol’s payout ratio is 28.30%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Evercore ISI increased their price target on shares of Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Citigroup increased their price target on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Robert W. Baird increased their price target on shares of Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, The Goldman Sachs Group increased their price objective on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

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.