Mackenzie Financial Corp Cuts Stock Holdings in Amphenol Co. (NYSE:APH)

Mackenzie Financial Corp decreased its holdings in shares of Amphenol Co. (NYSE:APH) by 66.2% in the 4th quarter, Holdings Channel reports. The firm owned 1,702,469 shares of the electronics maker’s stock after selling 3,339,788 shares during the period. Mackenzie Financial Corp’s holdings in Amphenol were worth $168,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Peoples Bank KS bought a new stake in Amphenol in the 3rd quarter worth approximately $27,000. Mendota Financial Group LLC bought a new stake in Amphenol in the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC lifted its position in 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 buying an additional 142 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in Amphenol in the 1st quarter worth approximately $33,000. Finally, Altshuler Shaham Ltd bought a new stake in Amphenol in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 100,000 shares of the company’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 sale, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Craig A. Lampo sold 100,000 shares of the company’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 sale, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock valued at $31,846,050 over the last ninety days. Company insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on APH. UBS Group boosted their target price on Amphenol from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday. Jefferies Financial Group assumed coverage on Amphenol in a research report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price objective for the company. The Goldman Sachs Group boosted their price objective on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Stifel Nicolaus boosted their price objective on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Finally, Citigroup boosted their price objective on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. 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, the company has an average rating of “Moderate Buy” and a consensus target price of $112.00.

Amphenol Price Performance

APH opened at $112.39 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. Amphenol Co. has a 52-week low of $72.00 and a 52-week high of $119.59. The stock has a market capitalization of $67.61 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 3.23 and a beta of 1.30. The stock’s 50 day moving average price is $110.31 and its 200-day moving average price is $97.96.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $0.78 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Dividend Announcement

The company 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 was Monday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.78%. Amphenol’s payout ratio is 28.30%.

Amphenol Profile

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.