Amphenol Co. (NYSE:APH) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its position in Amphenol Co. (NYSE:APH) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,906 shares of the electronics maker’s stock after selling 296 shares during the period. Jennison Associates LLC owned approximately 0.06% of Amphenol worth $32,704,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of APH. Peoples Bank KS acquired a new stake in shares of Amphenol in the 3rd quarter worth approximately $27,000. Mendota Financial Group LLC acquired a new stake in shares of Amphenol in the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC grew its holdings in shares of Amphenol by 75.5% in the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 142 shares during the period. Avior Wealth Management LLC grew its holdings in shares of Amphenol by 70.8% in the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 138 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Amphenol during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of Amphenol stock opened at $116.31 on Thursday. Amphenol Co. has a twelve month low of $72.00 and a twelve month high of $119.59. The stock has a market capitalization of $69.97 billion, a P/E ratio of 37.40, a PEG ratio of 3.00 and a beta of 1.30. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average price is $111.48 and its 200 day moving average price is $99.30.

Amphenol (NYSE:APH) last issued its earnings results 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 return on equity of 23.94% and a net margin of 15.36%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the firm earned $0.78 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that Amphenol Co. will post 3.28 earnings per share for the current year.

Amphenol declared that its board has approved a stock repurchase plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Monday, March 18th. Amphenol’s payout ratio is currently 28.30%.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on APH. UBS Group increased their target price on Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Citigroup increased their target price on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Stifel Nicolaus increased their target price on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Bank of America increased their target price on Amphenol from $117.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Finally, Robert W. Baird increased their price target on Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.75.

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.