Cobiz Wealth LLC grew its stake in shares of Amphenol Co. (NYSE:APH) by 0.7% in the first quarter, HoldingsChannel reports. The firm owned 72,583 shares of the electronics maker’s stock after purchasing an additional 516 shares during the period. Cobiz Wealth LLC’s holdings in Amphenol were worth $6,855,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its holdings in shares of Amphenol by 7,553.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,489,267 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 5,417,547 shares in the last quarter. Norges Bank bought a new position in Amphenol in the fourth quarter valued at $217,900,000. FMR LLC increased its stake in Amphenol by 6.4% in the fourth quarter. FMR LLC now owns 41,896,298 shares of the electronics maker’s stock valued at $3,394,437,000 after acquiring an additional 2,534,967 shares during the last quarter. BlackRock Inc. increased its stake in Amphenol by 4.7% in the fourth quarter. BlackRock Inc. now owns 22,227,823 shares of the electronics maker’s stock valued at $1,800,898,000 after acquiring an additional 989,348 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Amphenol by 139.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 950,454 shares of the electronics maker’s stock valued at $77,006,000 after acquiring an additional 553,909 shares during the last quarter. 96.32% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on APH shares. Bank of America reissued a “buy” rating and issued a $107.00 target price (up previously from $103.00) on shares of Amphenol in a research note on Thursday, February 7th. Zacks Investment Research reaffirmed a “buy” rating and set a $89.00 price objective on shares of Amphenol in a research note on Monday, December 31st. Wells Fargo & Co set a $105.00 target price on shares of Amphenol and gave the stock a “buy” rating in a report on Monday, March 18th. SunTrust Banks upgraded shares of Amphenol from a “hold” rating to a “buy” rating and raised their price objective for the stock from $89.00 to $112.00 in a report on Tuesday, April 2nd. Finally, Morgan Stanley raised their price objective on shares of Amphenol from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $105.29.

In other Amphenol news, VP Jean-Luc Gavelle sold 31,000 shares of the business’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $94.00, for a total value of $2,914,000.00. Following the sale, the vice president now owns 31,000 shares in the company, valued at approximately $2,914,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $95.42, for a total transaction of $954,200.00. Following the completion of the sale, the vice president now owns 12,000 shares in the company, valued at approximately $1,145,040. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,000 shares of company stock worth $4,916,500. 2.34% of the stock is owned by corporate insiders.

Shares of Amphenol stock traded up $0.29 on Thursday, hitting $104.29. 17,149 shares of the company’s stock were exchanged, compared to its average volume of 1,188,606. The stock has a market capitalization of $31.00 billion, a PE ratio of 27.66, a P/E/G ratio of 2.37 and a beta of 0.90. Amphenol Co. has a 1 year low of $74.95 and a 1 year high of $105.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.36.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 23rd. The electronics maker reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.07. Amphenol had a net margin of 14.69% and a return on equity of 29.82%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the company posted $0.86 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. As a group, research analysts anticipate that Amphenol Co. will post 3.95 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is 24.40%.

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Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.

See Also: Systematic Risk and Investors

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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