Cookson Peirce & Co. Inc. Sells 10,497 Shares of Amphenol Co. (NYSE:APH)

Cookson Peirce & Co. Inc. trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 478,939 shares of the electronics maker’s stock after selling 10,497 shares during the quarter. Amphenol comprises 2.9% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 7th biggest holding. Cookson Peirce & Co. Inc. owned 0.08% of Amphenol worth $47,477,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. SVB Wealth LLC lifted its stake in shares of Amphenol by 43.6% in the fourth quarter. SVB Wealth LLC now owns 6,615 shares of the electronics maker’s stock valued at $656,000 after buying an additional 2,010 shares during the period. Waldron Private Wealth LLC lifted its stake in Amphenol by 2.3% during the fourth quarter. Waldron Private Wealth LLC now owns 10,820 shares of the electronics maker’s stock worth $1,074,000 after purchasing an additional 247 shares during the period. Vontobel Holding Ltd. lifted its stake in Amphenol by 5.6% during the fourth quarter. Vontobel Holding Ltd. now owns 30,040 shares of the electronics maker’s stock worth $2,978,000 after purchasing an additional 1,588 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Amphenol by 5.5% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,506,810 shares of the electronics maker’s stock worth $248,500,000 after purchasing an additional 130,141 shares during the period. Finally, Simplicity Wealth LLC bought a new position in Amphenol during the fourth quarter worth about $476,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Amphenol news, insider Peter Straub sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William J. Doherty sold 170,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was 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. In the last 90 days, insiders have sold 305,000 shares of company stock worth $31,846,050. Insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Stifel Nicolaus raised their price target on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Citigroup lifted their target price 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. JPMorgan Chase & Co. lifted their target price 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 raised their price target on shares of Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Finally, Jefferies Financial Group started coverage on shares of Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price target for the company. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.00.

Amphenol Stock Performance

Shares of Amphenol stock traded down $0.16 during trading on Tuesday, hitting $112.23. 2,244,737 shares of the stock were exchanged, compared to its average volume of 2,716,906. The stock has a market capitalization of $67.51 billion, a price-to-earnings ratio of 36.14, a price-to-earnings-growth ratio of 3.23 and a beta of 1.30. The company has a fifty day moving average price of $110.31 and a 200-day moving average price of $97.96. Amphenol Co. has a 1-year low of $72.00 and a 1-year high of $119.59. 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 released its quarterly earnings data 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. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. Amphenol’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. As a group, equities analysts predict that Amphenol Co. will post 3.28 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors 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 dividend on an annualized basis and a yield of 0.78%. Amphenol’s dividend payout ratio (DPR) is currently 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.