Amphenol Co. (NYSE:APH) Position Cut by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 22.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,444 shares of the electronics maker’s stock after selling 689 shares during the period. Tilt Investment Management Holdings PBC’s holdings in Amphenol were worth $243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of APH. Moneta Group Investment Advisors LLC grew its stake in Amphenol by 95,441.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,868,807 shares of the electronics maker’s stock valued at $1,055,971,000 after acquiring an additional 13,854,291 shares in the last quarter. Norges Bank bought a new stake in shares of Amphenol in the 4th quarter valued at approximately $653,884,000. Morgan Stanley grew its stake in shares of Amphenol by 44.1% in the 4th quarter. Morgan Stanley now owns 10,811,475 shares of the electronics maker’s stock valued at $823,186,000 after buying an additional 3,310,939 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Amphenol by 55.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,376,669 shares of the electronics maker’s stock valued at $199,616,000 after buying an additional 845,637 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Amphenol by 21.7% in the 3rd quarter. Invesco Ltd. now owns 4,090,708 shares of the electronics maker’s stock valued at $343,579,000 after buying an additional 729,849 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 0.5 %

Shares of APH stock opened at $110.88 on Friday. The firm has a market cap of $66.70 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 3.18 and a beta of 1.30. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. Amphenol Co. has a 12 month low of $72.00 and a 12 month high of $119.59. The stock has a 50 day moving average of $110.77 and a 200-day moving average of $98.35.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. Amphenol’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. On average, equities analysts predict that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders 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 dividend yield of 0.79%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio is presently 28.30%.

Insider Activity

In other news, insider William J. Doherty sold 170,000 shares of the business’s 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Peter Straub sold 20,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider William J. Doherty sold 170,000 shares of the 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. Over the last ninety days, insiders have sold 305,000 shares of company stock worth $31,846,050. Company insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

APH has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Robert W. Baird boosted their target price on Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Jefferies Financial Group began coverage on Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 target price for the company. UBS Group boosted their target price on Amphenol from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Stifel Nicolaus boosted their target price on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $113.75.

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.