Weatherly Asset Management L. P. Reduces Holdings in Amphenol Co. (NYSE:APH)

Weatherly Asset Management L. P. decreased its holdings in Amphenol Co. (NYSE:APH) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,635 shares of the electronics maker’s stock after selling 1,425 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Amphenol were worth $2,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC lifted its holdings in Amphenol by 1.3% during the third quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock valued at $4,661,480,000 after purchasing an additional 691,964 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Amphenol by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock valued at $1,283,360,000 after purchasing an additional 653,354 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Amphenol by 4.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 13,145,093 shares of the electronics maker’s stock valued at $1,104,056,000 after purchasing an additional 564,110 shares in the last quarter. Flossbach Von Storch AG lifted its holdings in Amphenol by 1.9% during the third quarter. Flossbach Von Storch AG now owns 7,908,317 shares of the electronics maker’s stock valued at $664,220,000 after purchasing an additional 151,058 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Amphenol by 6.0% during the third quarter. Northern Trust Corp now owns 6,195,739 shares of the electronics maker’s stock valued at $520,380,000 after purchasing an additional 351,353 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

APH has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. The Goldman Sachs Group lifted their price objective on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Evercore ISI lifted their price objective on shares of Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Robert W. Baird lifted their price objective on shares of Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Jefferies Financial Group started coverage on shares of Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective on the stock. Four equities research 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.com, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $113.75.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the business’s 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 transaction, the vice president now owns 25,700 shares in the company, valued at $2,692,075. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the business’s 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 transaction, the vice president now owns 25,700 shares in the company, valued at $2,692,075. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William J. Doherty sold 170,000 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold 305,000 shares of company stock worth $31,846,050 over the last quarter. Insiders own 1.80% of the company’s stock.

Amphenol Price Performance

APH traded up $2.42 during trading hours on Tuesday, hitting $114.28. The company’s stock had a trading volume of 5,098,474 shares, compared to its average volume of 2,792,410. The business’s 50-day moving average price is $111.01 and its 200-day moving average price is $98.97. Amphenol Co. has a 12 month low of $72.00 and a 12 month high of $119.59. The stock has a market cap of $68.75 billion, a price-to-earnings ratio of 36.74, a P/E/G ratio of 2.95 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.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. Amphenol’s quarterly revenue was up 2.7% on a year-over-year basis. Sell-side analysts expect that Amphenol Co. will post 3.28 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

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.