Amphenol Co. (NYSE:APH) Position Reduced by OLD National Bancorp IN

OLD National Bancorp IN cut its position in shares of Amphenol Co. (NYSE:APH) by 45.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,207 shares of the electronics maker’s stock after selling 7,749 shares during the quarter. OLD National Bancorp IN’s holdings in Amphenol were worth $913,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Hixon Zuercher LLC lifted its stake in Amphenol by 0.5% during the fourth quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker’s stock valued at $2,125,000 after buying an additional 104 shares in the last quarter. Jacobsen Capital Management lifted its position in shares of Amphenol by 1.8% in the fourth quarter. Jacobsen Capital Management now owns 6,113 shares of the electronics maker’s stock worth $606,000 after purchasing an additional 108 shares in the last quarter. Strategic Blueprint LLC lifted its position in shares of Amphenol by 2.4% in the fourth quarter. Strategic Blueprint LLC now owns 4,844 shares of the electronics maker’s stock worth $480,000 after purchasing an additional 112 shares in the last quarter. Simon Quick Advisors LLC lifted its position in shares of Amphenol by 2.2% in the fourth quarter. Simon Quick Advisors LLC now owns 5,421 shares of the electronics maker’s stock worth $537,000 after purchasing an additional 115 shares in the last quarter. Finally, Drive Wealth Management LLC lifted its position in shares of Amphenol by 3.4% in the fourth quarter. Drive Wealth Management LLC now owns 3,573 shares of the electronics maker’s stock worth $355,000 after purchasing an additional 116 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APH shares. Stifel Nicolaus increased their price target on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. The Goldman Sachs Group increased their price objective on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Robert W. Baird increased their price objective on Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. UBS Group increased their price objective on Amphenol from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. increased their price objective on Amphenol from $118.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.75.

Insider Transactions at Amphenol

In other news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction on 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 sale, the vice president now owns 25,700 shares in the company, valued at $2,692,075. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was 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 of the company’s stock, valued at $2,692,075. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the transaction, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,000 shares of company stock worth $31,846,050. Insiders own 1.80% of the company’s stock.

Amphenol Trading Up 2.2 %

Shares of Amphenol stock opened at $114.28 on Wednesday. The company’s fifty day simple moving average is $111.23 and its 200-day simple moving average is $99.18. The company has a market cap of $68.75 billion, a price-to-earnings ratio of 36.75, a PEG 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 Co. has a 1 year low of $72.00 and a 1 year high of $119.59.

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

Amphenol Announces Dividend

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